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The Georgia Weekly Tele^raxoli and Journal &c Messenger.
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FRIDAY OCTOBKR7 1S7S
Tlie Prospect Still Brighter.
The feeling among merchants was much
more bouyant yesterday, and they were
meeting their paper manfully, and very
• hopeful of the future. The bants have
had no trouble whatever, and trade in some
departments was fairly active. Wc are glad
to chronicle also large cotton receipts, show
ing that our country friends are respond
ing nobly to their obligations. Let them
continue to do so, and soon everything
will resume its normal condition, and we
shall have a brisk and advancing cotton
market.
In this connection likewise, we cannot
nrge too strongly upon every member of
the community the importance of paying
mechanics, servants and all other small
accounts promptly.
The hoarding of money at such a time
is both selfish and reprehensible, and an
act of great injustice to those to whom
it is due. Moreover, it but aggravates
the situation, and retards the restoration
of public confidence and the return of
prosperous times.
One of Grant’s Indian Agent’s
Little Transactions.
Mr. E. P. Smith, of St. Paul, Minn., is
one of the trooly loyl band who look after
the interests of the Lo family for and in
behalf of Uncle Sam. He has recently
sold, as a representative of the United
States, to a “ favorite citizen ” thereof, all
the cedar and pine timber standing on the
Minnesota Indian Reservation, known as
the Leech Lake Reservation. The “ fa
vorite citizen,” whose name is A. H.
Wilder, need Cut and pay only for such
timber as is sound and fourteen inches
through th« trunk at a height of twenty-
five feet. All inside these dimensions is
extra gain, while the prime and fat selec
tions cost the purchaser only $110
thousand feet. Other valuable privileges
are conceded equally profitable to Messrs.
Smith and Wilder, amongthem being the
right to cut all the hay included within
the limits of the timber tract at $1 00 per
ton. All this has been set off by treaty
for the Indians, yet it is not only taken
away from them by the contract, but they
must, in case of depredation or trespass,
submit to the payment of such damages
as a commission composed of Smith and
two others, appointed by him and Wilder
shall dictate.' In view of these facts, it is
strange that the Indians do not love ns.
Liverpool and Great Western
Steam Company.
A very modest announcement appears
in our columns to-day,of a most important
enterprise. We allude to the advertise
ment of the Guion Steamship Line, which
is represented in Macon by our excellent
fellow-townsman Wm. McKay, Esq.
The ships of this line will leave Liver
pool and New York inward and outward
bound, every Wednesday.
Doubtless, freight designed for the
South can be. arranged at the most satis
factory rates through the agency of Mr.
McKay, and will be forwarded to their
destination with dispatch, either by coast
wise steamer or sail vessel at the option
of the shipper.
Passengers by this line can also be
sumptuously accommodated at reasonable
prices.
Mr. McKay is thoroughly known in
this State as a gentleman of great intel
ligence, industry and business capacity.
An Englishman himself, by birth and
long residence, though completely iden
tified with Georgia for near ten years
past, he is admirably qualified for the po
sition he bolds, and can afford every in
formation referring thereto.
Those engaged in the importation of
iron, crockery, woolens, Irish linens and
foreign goods generally, would do well
to consider the advantage he can afford
them through the medium of the lime he
represents. See card.
"So ter mother’s dead, is she ?”
quired^a bootblack the other day of a
rather solemn-faced lad, who had come
back with his “kit” after an absence of a
day or two. "Yes, she is,” replied the
boy, and then straightening himself up
he continued: "And dad did the fair
thing by her—seven more hacks than
Mrs. ----- had the other day,”—Detroit
Free Press.
Opposition to Agricultural Colleges Tlie Foundation of the Whole
The Fever at Montgomeby.—The
Advertiser of Sunady publishes an official
statement from the Board of Health to
the effect that for the twenty-four hours
ending at noon on Saturday, there had
been only one death from yellow fever,
airi that there had been no new cases in
five d&ydi
—A—
The latest two expeditions in search of
the North Pole—Mr. President Grant’s
Polaris Expedition by watfcr, and Mr.
Jay Cooke’s Northern Pacific Expedition
by land—have both collapsed simultane
ously. The coincidence is curious, but
instructive.—St. Louis Republican.
TiiE^principal in the recent defalca
tion in the Leavenworth, Kansas, bank
was highly respected, highly connected,
and has hitherto borne a good character.
Having satisfied these usual conditions,
there was no good reason why heshouldn’t
turn np missing.
Russian heavy ordnance is said to he
more powerful than the English, taking
veight for weight. For example, the
Russian 25 j-ton gun, of 11 inches calibre,
throws a "o 50-pound shot or 431-pound
shell with 9lj pounds of powder, where
as the English gun of similar weight and
calibre throws a 530-pound shot or .402-
pound shell with 85 pounds of powder.
The critic of the New York World is
sweet on Miss Cary. “I can hear her
laugh now while I write,” he says, “and
it sounds as if joy were tumbling down a
silver staircase. -After all, a contralto
voice is the only one on a level with our
hearts.”
One hundred and forty girls, all under
thirteen years of age, picking over rags
in a New York warebouse, struck for
higher wages the other day, made
speeches, passed resolutions, and went
bock to work at the same old figure.
A New York paper says that John
Cochrane still leads thegreat Liberal army.
This is a mistake. The great Liberal
army is dead and John Cochrane is its
tombstone.—Brooklyn Argus.
Miss Rye ia coming over from Liver
pool with fifty-five servant women. It is
to be hoped that they will .forget their
benefactress in a short time.
Preacher Talmaqe, of Brooklyn, says
Jay Cooke is one of God’3 picked men.
Be meant singed.
Unreasonable
The Great Value of Education to the
Farming Community,
The disposition is general among the
common people to believe, (and we re
gret to see that even legislators have the
same feeling), that book learning for
farmers is entirely surperfluous,beyond the
three R’s, reading, riting and rithmetic.
Nay, intelligent and practical agricultur
alists have said that the best education is
received between the “plow handles,
and scientific farming don’t pay.
We grant that theory must be reduced
to practice . in any vocation to be made
effective, but it is not more true of ag
riculture than the other professions.
The abstract study of the musty tomes
of "black lettered” jurisprudence, cannot
make a successful lawyer without an ad
equate knowledge of human nature, and
all the details of common law and local
practice. Yet who will gainsay, that
this familiarity with the proceedings and
decisions of the courts from the earliest
antiquity, and the opinions and speeches
of learned counsel upon all important
issues, are not of incalculable value to
the barrister at all times? So the skill
ed disciple of Esculapius must reduce to
experimental practice his intimate knowl
edge of poisons and their antidotes, the
laws of hygiene, and the anatomy of the
human body. But what a miserable
charlatan he would prove without this
information.
And this applies with full force to prac
tical agriculture. A man may make tol
erable crops by close industry, abundant
muscle, and the experience acquired by
long years, but the uneducated lawyer
and quack succeed likewise occasionally
for the same reason. But ia this any ar
gument against thorough education and
the mastery of those principles which
underlie both of the above-mentioned
professions? The veriest bumpkin can
be taught how to turn a neat furrow or
drive a team, but what does he know
concerning the constituents of the soil,
the nature of plants, the manures adapt
ed to various crops, and the host method
Difficulty
In seasons of ruin and financial dis
tress which sweep over the country like
a cyclone at occasional periods, it is al
ways profitable to inquire what are the
remote and proximate causes of these
dire disasters. There is a moral growing
out of them, which it were madness not to
read and apply.
The late catastrophe in New York it is
generally conceded, was the immediate
result of speculating in the bonds of rot
ten railroads, which were set on foot for
the aggrandizement of private cliques
and rings, and engineered through Con
gress by the agency of the moat astound
ing corruption. The peoples’ money .and
property were given by the million, or
more properly shared between legislators
and the astute managers of these enter
prises. Think of 20,000 acres of land
per mile stretching half across a conti
nent, being donated to a single corpora
tion.
But now we are led to look at the causes
which induced this reckless speculation
and fraud, for which the innocent and
guilty alike are made to suffer.
Who will gainsay that increased habits
of expenditure, and extravagance, and
the feverish desire to grow rich rapidly,
are not at the bottom of all this misery
and distress ? Young men, with moder
ate salaries, clerks, bank officers, book
keepers, etc., assume to dress and make
the same display in society as their em
ployers themselves. This, of course, ex
hausts every dollar of their income, and
there is no margin reserved for a rainy
day, or provision made for the wonts of a
family, should they be inclined to marry.
Hence, they are constantly exposed to
temptation, and usually begin their
downward career by abstracting under
the guise of temporary loans—small sums
from the cash of their employers, which
they undoubtedly intend, at first, to re
place. But, with the means of gratifica
tion, comes the increased desire to in
dulge in all the pursuits and pleasures of
the wealthy, and, onoe embarked in suoh
a doubtful course, conscience soon lose3
its fine edge, and becomes blunted and
hardened to such an extent, os at length
of applying them, to say nothing of the {to offer no impediment to further depths
rr . & . .c it M T _» • rm .7J.
science of entomology, the theory of
tation,” etc. And yet, for the want of
this knowledge, millions of acres of the
most fertile soil that ever smiled beneath
the blue empyrean, now lie waste and
utterly exhausted, or have been swept
away into the broad Atlantic, leaving
frightful chasms and corrugated hillsides
alone as landmarks of the erstwhile smil
ing landscape.
But we rejoice that this period of reck
less ignorance and dire destruction to
nature’s fair domain, is soon to be suc
ceeded by a new era of intelligent and
scientific agriculture, which will reclaim
the “red old hills of Georgia,” develop
the marl pits, muck deposits and leafy
treasures of the forests into valuable
producing elements, and multiply indefi
nitely the fruits of the earth.
We have an agricultural institution
now in successful operation, which will
annually send forth scores of educated
farmers well versed in chemistry, geology,
and surveying, who will soon leaven the
whole country with their influence and
skill. The results will be seen in the
new interest which will be awakened in
those nurseries of industry and progress,
the agricultural clubs and societies of
the State, which are the auxiliaries of the
mother organization. In the scientific
survey of our fields and the application
of the spirit level and intelligent hill
side ditching, to prevent the washing
away of the soil. In the more proper
manipulation of manures based upon the
character of the land they are designed
to fertilize. In the proper rotation of
crops, so essential to the retention of the
elements which enter into the composi
tion of all the prodncts.of the farm. In
the continued improvement of labor-sav
ing implements of industry. In the in
troduction of the best breeds of cattle,
sheep and horses. In the training of
skilled labor, the proper construction of
barns, gates and and farm houses, the
use of hedges for fencing, the importance
of diversifying crops and selecting pure
seed, the profits of fruits and grapes
for wine, and, in short, in the
general improvement and elevation ,„ ,
of the noble profession of agriculture paper of Massachusetts, states
that "Clews was sustained through the
of depravity and crime. The result is
eventual exposure, and ruin for life. Or,
perhaps, an unholy ambition to speculate
on private account, and cover their foot
prints, afterwards, by successful ventures,
induces the first lapse from the path of
rectitude, and the inevitable disgraceful
sequeL It is thus that so many defalca
tions, thefts, and abases of public and
private confidence occur. Almost every
issue of the press adds to their number.
But, it may be asked, what is the
remedy for all this ? We answer, it is
embraced in one simple word, economy.
Let extravagance in living, dress and
display of every kind be abolished, and
parents train up their children to habita
of industry and frugality, and set them
the example in the premises, and the axe
will be laid to the root of the evil com
plained of. As matters now stand, the
sons and daughters of men in the most
moderate circumstances, all vie with
each other in the style and expensiveness
of their outfits and general appearance.
But it requires money to command these
things, and hence the untimely fall of
many in their efforts to acquire it by
other than strictly honest means. And
worst than all, it is this universal ex
travagance which is the parent of vice
in its most repugnant form?, by actually
erecting insuperable barriers to the mar
riage relation. Young men dare not
marry on their slender incomes and face
the exorbitant demands which will be
made upon their packets, and the holiest
and best impulses and affections of the
heart are sacrificed on the altar of fashion
and expediency.
Never can there be* a return to real
virtue and prosperity in the country until
these evils are abated. And now while
in the vale of adversity, is a meet time
to inaugurate the reformation.
Parents, guardians, husbands, wives,
daughters and sons, all should heed the
admonition, and henceforth, resolve to
practice economy.
How the Government Helped
Clews.
A New York special of September 23d 1
to the Boston Advertiser, the leading Re-
' Grand Opening 1 of Mercer Uni
versity.
From Hon. David Butler, President of
the Board of Trustees, andDr. Battle, we
have the pleasing intelligence that never
in all her previous history has old Mercer
ever had such a promising opening ses
sion as yesterday.
More than a hundred young gentlemen
presented themselves for matriculation,
and many more have been heard from who
will be here. The personel of the stu
dents, too, is unusually fine and prepos
sessing, and not a few are already men
in stature and maturity of years. When
such present themselves in the halls of
the University, they mean business, and
there will be no child’s-play in their
Bturdy efforts to mount the heights of
Parnassus, and explore the hidden fields
of knowledge..
When we consider the present unex
ampled monetary cSkdition of the coun
try, this may be regarded a most au
spicious and encouraging commencement
of the new collegiate year. Indeed, an
unclouded and glorious falure opens up
to this excellent institution, which is al
most the idol of the large and influential
denomination who control it. Macon,
too, is beginning to feel a just pride in
the university, which will prove so rich a
blessing to her sons. The curriculum of
education is as varied and complete as
any in the country, and more thorough,
recondite and accomplished educators of
youth cannot be found in any institution,
in the South. We welcome the young
gentlemen back to Macon, and wish them
a prosperous career and entire exemption
from the sad experience of the past year.
Hymen and Hygiene.
Dr. Drysdale, of London, has lately
been making an analysis of certain ex
tensive tables compiled by Monsieur Ber-
tillon from data obtained in France, Bel
gium and Holland. And it is woeful
reading for all “ stags” and spinsters—
proving with figures—that never lie, you
know—that between the ages of jtwenty-
five and thirty the rate of mortality
among bachelors is ten to a thousand
and only six among Benedicts. Widowers,
however, show a rato of seventeen and a
half per thousand, showing very conclu
sively that in marriage, as in all other
games of chance, the prospect of gain is
counterbalanced by a proportionate risk
of ruinous loss. Women, after the age
of twenty-five, are proved to die less rap
idly when married than when single.
Widows’of forty-five are less sickly than
spinsters of that age, according to Mr.
Bertillon.
These statistics should 'strike terror
to the hearts of those who r
foolish sanitary theories concerning sin
gle-width blankets and undivided bur
sters. In union there seems, indeed,
degree of safety not found elsewhere. As
a friend to the parsons, milliners, dry-
goods men, dres3-makers and tailors, we
are only too glad to print such arguments
against that state so absurdly denomi
nated "single blessedness.” We con
sider M. Bertillon a public benefactor in
thus bringing the fear of greater liabili
ty to death to bear upon the incorrigible3
of both sexe3.
THE GEORGIA PRESS.
An Atlanta paper states that Foster
Blodgett will return to Georgia within
thirty days, and stand his trial on all
charges that may be preferred against
him.
We find these items in the Savannah
News, of Monday: .
Accident to Mr. B. E. Bee.—We re
gret to learn that Mr. Barnard E. Bee,
receiver of tax returns, met with a severe
accident a few days since. He was out
Balling near the Isle of Hope, and while
in a squall, was knocked off the seat of
his boat, breaking one of his legs about
two inches below the knee. This is the
second tirno Mr. Bee has had a leg broken.
Coon for the Season.—The Northern
correspondents of our merchants are send
ing out circulars requesting that money
be sent them by egress instead of drafts.
There is a frigidity about this that
tempts us to call in a colored boy and
send home for our overcoat. These peo
ple seem to forget that the stringency is
as marked in the South, comparatively
speaking, as it is in the North, and that
the business men here want all the mo
ney they have got and more too, to aid in
moving the crop forward. Moreover, wo
have no Secretary of the Treasury down
here to drop millions of currency into our
laps every morning before breakfast. We
trust our merchants will not drain this
section of what little available currency
there is by heeding this cool request. •
Sudden Death Coroner’s Inquest.
Dr. Knorr, coroner of Chatham county,
held an inquest -yestesday morning upon
the body of a seaman, who died suddenly
on board the steamer Dictator, on Satur
day night, while on her trip to this port.
The seaman was sent from Femandina
of Commerce last night, in the discussion gia. They, as well as many others, as-
of the problem how to provide a circulat- sured me that the pardon was legal and
irig mediutn, shows that on the prompt valid, and fully relieved both myself and
solution of this question depends the sal- '' securities; that there was no necessity
vation of onr merchants and planters, j for my personal appearance at court, as
The report of the Committee of Five to- . the pardon would be plead by attorney,
night will be looked forward to with in- and that if I desired I could leave the
tense interest. The result of the delib- • State with impunity. The Hon. B. H.
. mi i u- • tt:h
New Orleans Being Drained
reney Two Millions J ne 7
Days. nc
The New Orleans Herald, of «
says : ’
The statement has been . ’
the streets, and believed bv?U
road to reissue their fare tickets. The , he says: “Gov. Smith is of my opinion, and
latter is already provided with the paper j believes yourpardon good and valid.” And
notes, and one of the State hanks have ’ the Hon. Mr. Tweedy, in a letter to me
made’a like provision, mention of which j just after an interview with the Governor;
was made in the Morning News a few says: “Governor Smith requests me to
days since. The Merchants’ National
Bank, and the banking house of E. C.
Anderson, Jr., continue to pay currency
for all checks drawn on deposits, and with
proper action on the part of the Chamber
of Commerce, we may reasonably hope
that in a few days all of our banks and
moneyed institutions will be able to lend
a-helping hand in furnishing marketable
currency.
William H. Lanier unintentionally
poisoned himself last Sunday at No. 9, on
the Central railroad, bytois taking quinine
for morphine. He was considered to be
in a very dangerous condition at last ac
counts.
We find these itenu in the Columbus
Sun, of Tuesday:
. The Situation in Columbus.—All our
banking and manufacturing establish
ments are going on as usual. No sus- . .
pensions; no qxcitement; no uneasiness, resolutions:
and no cause for any, and depositors are
not thinking of’such a measure. Plant
ers are rapidly sending in cotton so as to
protect those from whom they have ob
tained advances. Trade recuperating,
say to you that your pardon is legal and
valid.” Now, after all these assurances
from the Governor of the State, from two
of the former Chief Justices of the Su
preme Court, from such lawyers as B. H.
Hill, Gartrell, Stephens and fully a hun
dred others, can it be held in equity or
justice that the obligation was violated;
did not I believe, as did nine-tenths of
the legal minds of Georgia that the par
don was good, and therefore the necessity
of my appearing no longer existed ? In
conclusion, I will say, in the language of
Cardinal Wolsey, “Had I 8krvbd kt
God with half tne zeal I served Governor
Bullock, my friends and the State of Geor
gia, He would not in mine age have left
me naked to mine enemies.’’
Foster Blodgett,
The merchants and business men of
Rome held a large meeting on Monday,
and passed, among others,, the foUowing
by the collector of the port at that place i Uarie anl Phenix money receiveduniver-
fortho purpose of being placed in the 1 8a ? y in P 8 * 11 ^ nome debts ’ and
Marine Hospital in this city. On Satur- x ~~ r0 *" freigata.
No Quarantine.—None has been es
tablished in Columbus and none will be.
We will not be so ungenerous and un
christian to do so. No fear of anyyellow
fever is entertained here; and we have
no idea of closing our city to the fugi
tives from afflicted places. We state this
on the authority of Mayor McHhenny.
Captured in Mississippi.—Sheriff Ben
Williams, of Harris county, received a
letter Saturday which' states that Swin-
ford, who killed Col. W. P. Ramsey, in
day night the deceased lay on a cotton
bale, where he remained until discovered to
be dead yesterday morning. The jury
returned a verdict of death from Provi
dential causes.
The Death of a Criminal—A Full
CoNFESSiq^.—On the 30th of last Sep
tember the body of a colored man, about
nineteen years of age, who had been "em
ployed by Mr. David Symons as a watch
man on board the steamer Maggie Saf-
fold, was found floating in the river at
Resolved, That we advise our bankers
to issue to their present depositors cer
tificates of indebtedness, bearing interest
at ten per cent., payable in ninety days,
and receivable for the dues of the holders
of the same to the banks, and to be issued
in such sums as will enable them to dis-
itself. It Is alleged that experimental
forms do got prove remunerative. This
is not essentially so, as the writer can
testify from instances to the contrary
which he encountered in Pennsylvania
whilst on his travels. But what if the
assertion were true? Those farms are
designed as tests for the various fertil
izers, to ascertain what fruits, cereals and
other plants may be reared within certain
latitudes and climatic limits; to arrive at
the best methods of • cultivation, by a
trial of all the systems in vogue. They
are what their name purports, mere ex
perimental areas, meant to save the expense
of similar undertakings by private indi
viduals. And, though at the end of the
year the income does not equal the out
lay, who will have the hardihood to assert
that the information of a practical char
acter 'derived, the problems* in science
which have had a satisfactory solution,
and the general benefit resulting to the
student, do not far outweigh any slight
pecuniary loss ? Do We not see enlight
ened nations constantly fitting out dis
tant expeditions at immense cost, simply
to verify astronomical or geographical
theories? It was by such means that
onr own great continent was discovered,
and this mighty people planted in its
wooded fastnesses.
Bnt we hope the day has gone by, when
any serious opposition will continue to be
made to the regular agricultural educa
tion of our youths. On the contrary, it
should form a very important department
in the University of the State, and receive
all the pecuniary aid it may need from career ‘
the* public treasury. As yet, the system
is in its infancy in this State, but Massa
chusetts, which was the first' common
wealth to lead off with a regular agricul
tural college, is now reaping a. rich re
ward from the multitudes of practical and
skillful young men who are rapidly swell
ing her wealth and prosperity. As many
as seventy-seven graduates within a short
period, have chosen the farm as a mode of
occupation, and many others fill honora
ble and useful situations, as engineers,
surveyors, etc.
But we cannot enlarge further at pres
ent on this deeply interesting ^subject,
which challenges the attention of the
whole country. We may revert to it
again.
A long-haired youth in Buffalo has
written seven hundred verses on one sub
ject without recovering his reason.
terrible runs on Friday and Saturday by
the government. He had “pickings, 1
Saturday j when the purchase of the $10,-
000,000 of bonds began- The greenbacks
which Augustus Schell begged for at noon
Heiity Cle ws had at 10 o’clock, and the
greenbacks, still in the Treasury packages
were piled up in his office and sustained
the demands which were being made
upon him; bnt the agitation and pressure
brought to bear upon the President and
Secretary Richardson forced them to
abandon Clews in the midst of his trouble,
and this afternoon he succumbed, it is
ascertained that he paid out during the
morning nearly $1,000,000 on demand,
and then went about the street with
mercantile paper endeavoring to raise
more funds; hat no man knows how his
fellow-merchant stands, and his offer to
pay two per cent, a day—730 per cent a
year—for loans upon good mercantile
paper were laughed at.”
Augustus Schell being a Democrat,
and Clews one of the faithful, made the
difference.
But what shall he said of a govern
ment that is guilty of such shameless
favoritism—such brazen disregard of all
the weighty considerations that demanded
the exercise of the most scrupulous im
partiality? This attempt to sustain-the
fallen fortunes of a rotten house because
of services rendered by its head to the
personal and political fortunes of the head
of the government, is one of the most dis
graceful episodes of Grant’s whole official
But ‘‘Poor" Henry” tumbled,
nevertheless,- and Grant has earned the
odium of lending the aid of the Govern
ment to a stock gambler because the
latter was his partisan and personal ally,
without the compensating satisfaction of
saving him from ruin.
Progress of the Fever at Mont
gomery.
The Board of Health of Montgomery
announce in the Advertiser, of Tuesday,
five new cases of, and ons death from,
yellow fever for the forty-eight hours
ending at noon Monday, and, further,
that on account of the difficulty of ob
taining, in its opinion—reliable informa
tion—in regard to new cases, only such as
prove fatal will hereafter bo published.
Cotton Figures Last Week.
The New York Financial Chronicle, of
Friday last, gives the receipts, exports,
etc., of cotton for the .week - ending Sep
tember 26th.
It appears that the total receipts for
the seven days have reached 40,929 hales
against 23,673 hales last week, 13,005
bales the previous week and 8,856 bales
three weeks since, making the total re
ceipts since the first of September, 1873,
84,587 bales against 158,245 bales for th:
same period of 1872, showing a decrease
since September 1,1873, of 73,658 bales.
The exports for the week ending Fri
day evening reached a total of 4,610 bales,
of which 4,110 were to Great Britain, 500
to France, and none to the rest of the
continent, while the- stocks as made up
that evening, are now 91,128 bales.
From the foregoing statement it will
be seen that, compared with the corres
ponding week of last season, there is a
decrease in the exports this week of 6,638
hales, while the stocks Friday night were
37,713 bales less than they were at- the
same time a year ago. ..
The Crops Must Go Forward
Farmers, listen to the following from a
sagacious -New York source
The great—the pressing danger of the
hour is' the threatened cessation, or se
rious diminution of the crop movement,
at once resulting from and indicated by
the decline in Foreign Exchange. The
strongest hills, drawn by the old, impreg
nable banking houses, are rated at 104.
So far as “ mercantile bills ” are concern
ed, the drafts of shippers find no buyers
at a decline of seven per cent, from their
ordinary, gold value.
In such a state of affairs it is evident
that exportation of our grain and other
products is nearly impracticable. Our
legitimate current of wealth, never larger
or more promisiug than a fortnight since,
has,If or the moment, almost utterly ceased.
Until last week freights were rising, and
every available vessel was eagerly char
tered to convey our crops to Europe; but
the steamers leaving to-day have found
it difficult to fill their holds at any reduc
tion of charges
Of course, if allowed to continue, this
means disaster to the American people.
It is, even now, the genuine calamity of
which the distress upon the Stock Ex
change has been the foretoken. Let ns
look the matter squarely in the face.
Within a few days one of our larger com
mission houses has declined acceptance
of drafts, with bills, of lading attached,
from Western forwarders, to the value of
$609,000. This example tells the whole
story. The - farmer who does not sell his
crop will not buy of the retailer, the re
tailer will not pay the jobber, nor the
latter the importer. In brief, with
hundreds of millions of convertible wealth
on hand, the wheels of trade are clogged,
and unnumbered evils follow swift be
hind. . - *
Now here we have the truth in a nut
shell. And unless our honest planters
and substantial rural capitalists come to
the front with their cotton, thus exhibit
ing the sinews of trade, and showing that
the South has backbone, and can give the
very best security for the moneys ad
vanced in this emergency, why the de
mand for the staple will continue to be
dull and prices languish. Ye who have
given liens, redeem jour pledges at once,
and do it the more readily and thankful
ly. that you have the assurance that your
cotton urill not be sacrificed, but its very
delivery will enable your creditors to give
you further indulgence and hold for bet
ter prices. Remember it is alike your in
terest as well as that of your factor that
this course should be pursued without
the delay of a single day.
A novel application of ice was made
at St. Louis, the other day, when 45 tons
were used to cool and otherwise contract
the iron tubes of the mammoth suspen-
A meeting of conservatives in Paris
promised a majority of twenty in the next j sion bridge across the Mississippi, to al-
Asscmhly in favor of monarchy- low the iusertion of the connecting tubes.
g* ft* of b* Broad .toot.
been foully dealt with. He had a severe The Situation at Augusta.—The
gash in the side, several braises on the ■ Chronicle and Sentinel of Tuesday says
head, and a bullet-hole in the temple, j q£ £h.o financial situation in that cify as
He had been'overpowered by thieves a | ifc appearea on Monday:
Among the Banks.—During the day
few nights before, murdered and thrown
into the river and his body drifted ashore,
a dumb witness against the perpretrators
of the horrible crime. The matter was
put in the hands of shrewd detectives,
but there was much mystery connected
with the murder until one Scott Thur
man made a confession, charging the
crime upon a negro named Zeke Jackson.
Jackson was lodged in jail in February
last, and since that time has been suffer
ing with consumption. On Saturday last
death stopped in between justice and her
victim. Previous to bis death, however,
Jackson made a full confession of the
crime. He was
party who robbed the steamer, and struck
the 'blow that knocked the unfortunate
watchman overboard.
We regret, exceedingly, to leam the
death of Capt. E. P. Lumpkin, third son
of the late Chief Justice Lumpkin, which
occurred at Athens last Monday morning.
Capt. L. represented Clarke county in the
Legislature before the war, and com
manded a battery during the war. He
was one of the most genial, warm-hearted
men we have ever known, and leaves a
largo circle of relatives and friends to
mourn his death. God rest his ashes !
Potash Farrow declares that he will
not, under any circumstances, be a candi
date for Mayor of Atlanta at the ap
proaching election.
All Right.- The Constitution of yes
terday says under the above head:
We are masters of the situation. Our
banks are all right. Money is getting
easier and trade is rapidly reviving. By the
way*we desire to correct the very blunder
ing statement of another paper that Mr.
James would issue a hundred thousand
dollars in loan certificates. He will issue
only some fifteen or twenty thousand
which will increase our currency so much,
and thereby help business Property
rising and prospects arebright.
We clip the following from the same
paper:
Dalton, Ga., September 29,1873.
Editors Constitution: A terrible affair
happened here last night at about 11
o’clock. A colored man, named Hilliard
Quinn, (a barber having a shop in the
National Hotel), was deliberately shot by
a man named Zack Calaway, from Mur
ray county. Quinn was on his way home
from church, when Calaway rode up to
him on horseback, and asked him who he
was, and without any known provocation
shot him through the breast. The wound
proved mortaL . The poor, fellow died this
afternoon about three o’clock. Before his
death Judge McCatchin took his dying
declaration—which was that Calaway shot
him and that he knew of no reason for
his doing so. The colored boy. I am in
formed, has a good character, and com
manded the respect of everybody—he
being sober and industrious; A warrant
is in the hands of an officer for the arrest
of Calaway. His whereabouts is not
known, though t is believed ho will
soon be in the hands of officers.
PKBSPiCATiou8”is the way the Atlanta
Constitution spells it.
The Griffin Star says:
Receipts of cotton last "week were near
500 bales. But little sold. Receipts
yesterday, near 100 bales, and a good
deal was sold to the merchants to pay
guano and provision bonds. This cotton
wrought 15 cents, and overplus in cash
14 cents. The fact that our merchants,
bankers, and warehousemen have agreed
to take good middling cotton at 15 cents
for the next two weeks, in payment for
advances, and that merchants are anx
ious to take it for all bills against farm
ers, has already caused considerable move
ment in business circles, and a slightly
better feeling is felt upon the streets,
The Forsyth Advertiser says the cot
ton buyers and bankers of that place are
anxious and do actually’ buy all the
cotton that is placed upon the market,
paying the highest cash price therefor.”
The Advertiser omits, however, to men
tion the price tlioy pay.
A Rome miller purchased last Monday
from, a farmer .of Floyd' county, iis entire
wheat crop at $2 per bushel. /■. - ■... ■ :
The Savannah Advertiser-Republican,
of Tuesday, "learns from a reliable source
that Bishop Beckwith has resigned the
rectorship of Christ Church,” to take effect
October 1st.
we took a tour among the banks, and as
certained that affairs had brightened con
siderably with several of those which
suspended last week. The National Bank
of Augusta, which from the first has pre
sented a firm front to the pressure and
withstood the shock without flinching,
was paying all check presented as in tae
most “flush” times. There was a grati
fying evidence of confidence in the flow
ing m of deposits, and no appearance of
the crisis could be observed within the
a full confession of too . portals of the bank. At the Georgia Rail-
persuaded to go with tlie everything wsm going on in
- - 0 - the usual way, so also at the Commercial
Insurance Bank. The Planters’ Loan
and Savings Bank, we found, had re
sumed payment to all depositors, in full,
paying over the counter currency for ev-
ery check presented. The Merchants and
Planters’ National Bank was paying
small depositors in cash, and effecting set
tlements, when desired, with large ones
in bonds and other securities. Several
large deposits were made in the bank
during the day. It will probably, we un
derstand, resume payment in full in a day
or two. At the National Exchange Bank
we were informed that payment was be
ing made on all checks presented as usual,
and that deposits were made freely.
Meeting of the Georgia Railroad
Directors.—Pursuant to a call, a meet
ing of the directors of the Georgia rail
road, to consider the plan proposed by
the meeting of business men for the issue
of $400,000 in short date bonds, in sums of
$100 and $50, and $100,000 in $1, $2 and
$5 notes, was held at the Georgia Rail
road Bank at 11 o’clock. There was a
full board present, and the session was,
a long and animated one. Judge King
the President of the road, was absent on
account of his illness. Major Geo. T.
Jackson, in lieu of the plan presented by
the business men, offered a resolution
that the board accept the act of the Gen
eral Assembly of the State of Georgia,
approved October 19,1870, to continue,
extend and renew, for the term of
thirty years, the banking powers
and privileges granted to. the Geor
gia Railroad and Banking Compaany,
by an act approved December Isth,
1835, and proceed to act under it. By the
original act which that of 1870 “continues,
renews and extends” for thirty years, the
company is authorized to use one-half of
its capital, or one million dollars, for
banking purposes, providing that “the
total amount of debts which the said
corporation shall at any time owe, whether
by bill, bond, note, or other contract, shall
hot exceed three times the amount of
capital stock actually paid in and set
apart for banking'purposes.” Under this
the company might issue notes ’ to the
amount of three times its banking capi
tal Tiro resolution led to a lengthy dis
Ms. D. F. Wilcox has resigned his po
sition. as Secretary of the Georgia Home
Insurance Company at Columbus, and
Mr. S. B. Murdoch has been elected in
his stead.
The Situation at Savannah.—Under
this head the Savannah News, of Tues
day, says:
The financial condition of - our city
showed a little improvement yesterday,
though the absence of currency 3i grad
ually but surely depressing business.
The commercial community have appa
rently decided to make the best of the
situation and await the next development.
There was a little demand for exchange,
one bank having-orders to buy jE10,000.
The purchase of this amount of sterling
is hut “a drop in ^.lie bucket,” but it
shows an improvement. _ Still, the want
of currency ia pressing with a heavy hand
upon our people, and the interest mani
fested by the members $f the Chamber
same time afford temporary relief to the
community.
Resolved, That should such certificat
be issued, we pledge ourselves to sustain
them by receiving them for goods and
merchandise, and give to them our moral
support and influence; having every con
fluence in the abundant solvency, integ
rity and good faith of Messrs. Cothran &
Jackson, and Messrs. Aligned A Hargrove,
of this cify.
The Romo Courier says:
Suspensions.— By reference to the
published proceedings of the citizens’
meeting, it will be seen that tbe hanking
houses of Cothran & Jackson and Allgood
& Hargrove have suspended payment;
for three months. Their assets are af
firmed to be ample to meet their liabili
ties.
The Griffin News is told that Chas.
White, agent at that place of the Central
road, will soon resign that position and
that it has been tendered to Major J. U.
Horne.
The Bamesville Patriot gives this il
lustration of “quick perception:”
It is surprising how acute become the
perceptive faculties of, men as soon as
they become widowers. We heard one
say last Sabbath that he could tell a
widow now by the cut of her jib. That
fellow will bear watching.
The party of the name of Rockafellow
is on the war-path at Atlanta, and Pot
ash is the game he is after. In the Con
stitution of yesterday he fires the fol
lowing Columbian 1
Farrow must be taught to understand
enough at the time, but
known, that our financiers were
ting their correspondents
the North and West to draw a.!,
portion of this fond, apprehen^K’:
felt, which seemed to^feS
the hanks suspended payment
reney in sums over one hundred
per day to each depositor.
day a further decrease was f a®s.
accommodating powers of the i" 1 ^
it was announced that no'
twenty-five dollars in currency^ 5?*
paid upon checks. After
we conclude that upwards of twn S 1 '?-
of dollars have been withdrawn
safes of this city in the
This is a fearful drain upon the
of the market, and the effects will
in the inability to move cotioaan?** 1
duce—the former, we learn
affeeted. The South^ffi^l
pany has transported from this -a 1
the North and West, and the
during the eight days embraced 22^
the 17th and 25th iit, th™,,^
gate of $1,139,985 38! Tne
ment in one day was* on Monday
when $230,786 64 was carried awJC ^
its lines alone. The Frank lWi**
understand, carried up the riYerJ
thing above a quarter of a million om
lars, and Other steamboats and
have aided the general diffusion^? 1 .'? 1
“greenies.” w
charge their own obligations, and at the Situation in New York at
—? *“ tlie Close of Last Week.
The Herald’e financial article ofSsj.
day morning, says:
Wall Street 1
Saturday, Sept. 27—6 p * ;
A much better feeling prevailed^
day than lias been notewortny durias Z
crisis. There have been no more faiW
The banks throughout the country nJ,
tain their strength. Money has coaTp
to Wall street by thousands, was kj
for 7 per cent, interest, and at the d<Z
shows a disposition to be made wd
Those who were hoarding are unlock®"
The Stock Exchange has determined to
reopen on Tuesday. The majority of
settlements between brokers have tea
effected, and there appears to be nothin
either of local or general information cal
culated to continue the old distrust or
evoke a new one. We are getting brav-’v
ont of the difficulty. Conservatism jj
showing its hand everywhere. The banks
have stood bravely by each other and the
public, and to-day, doubtless, hold se
curities and currency equal to all the re
quirements of the hour. Fanaticism’has
been held in check, fear circumscribed
“ runs” prevented, and danger averted!
The country is safe. New York has set
an example that has everywhere beta
followed, and in that example there has
been found all the elements of peace.
Even the weak have no*, permanently
gone down, for we only hear of pruden
tial suspensions; while, on the other
hand, those who were strong have given
a color, a magnetism, a strength to the.
situation that commands all praise.
Shylock’S Outlook,
New York, September 29.—Jay God!
that he does, not carry the Republican j being asked for Ms views concerning the
party in his britches pocket. They toll financial situation gave them as follows:
me he is a fighting man. I would like
to know where hB'tune* his dead. ■ Geor
gia no doubt needed such men during
the late war. Where was he then?' In
the rear, as usual. We find Mm in Au
gusta manufacturing potash for Confed
erate use. Now, if General Lee. would
have had all such men as H. P., wouldn’t
we Yankees had a fine time playing cards
on their coat tails. But General Lee
commanded soldiers, and not potash man
ufacturers. I faced General Lee’s army
four years, and I can vouch for the ma
terial that composed Ms command. They
were soldiers if they were my enemies.
Is’nt H. P. a brave man with a pile of
greenbacks in his front. Mr. Farrow
wants to know where I get my money
from. I will answer the honest gentle
man that I did not steal it, neither did
I get it from the State Treasury.
New York Speculations.
It does appear that nothing short of
death and judgment will ever stop the
insane feeling of speculation which runs
riot in the metropolis of the nation. It
matters not if half of the capitalists have
been reduced to beggary and ruin by in
dulging in the same mania, that busi
ness is shaken to its foundations and the
strongest houses are tottering, that cur
rency is scarce and worth one-half per
cent, a day, and gold so far exhausted
that the vacuum must be supplied from
abroad, af it the hears and. hulls and
stock igamblers go, and make the welkin
resound with the hahjl confusion of an
gry tongues all clamoring and striving in
the temple of Mammon. The cause of
cussion. Its opponents oonWhvIcu that the late upward flight in the gold market
under the Federal law there would be a ^ thus described by the! New York Tri
tax of ten per cent, on„the circulation of
the bank. Judge Wm. M. Reese also held
that an' amendment to the charter—wMch
the act of 1835,' continued by that of
1870, fi>—requires ratification by the stook-
holders of the road, in convention as
sembled. Maj. Jackson and Mr. W. W.
Clarke, who ’ supported the resolution,
contended, on the other hand, that
tae amendment had already been
virtually accepted by acting under
it and carrying on a banking business.
The resolution offered by Mr. Jackson
was finally, after a long debate, rejected
by a vote of 12 nays to 2 yea3, which
were called for and the vote recorded.
Subsequently, Mr. George Hillver offered
a resolution that the company invite de
posits and pay upon the same interest at
the rate of seven per cent, per annum, on
thirty and sixty days’ time, and that the
finance Committee' be authorized to dis
count cotton bills with this deposit fund.
This resolution was adopted, and the
board, after the transaction of some
other unimportant business, adjourned.
The Eagle and Phenix Factory -is fur
nishing Columbus, with currency, all the
merchants and the railroads uniting in
taking its change bills at par for goods
and freights. There, are less than $30,-
000*worth of them out, though the char
ter allows an issue of .$300,000.
A decision of Judge Johnson, holding
the Superior Court of Talbot county, is
of interest to all person^ who bought land
that had been set apart as homesteads,
and were afterwards sold, before the Su
perior Court of the United States pro
nounced the Georgia Homestead law Un
constitutional. The Talbotton Standard
states the decision as follows:
In the course of an opinion Judge John
son decided that where a homestead had
been set apart and afterwards sold, prior
to the decision of the United States Su
preme Court on the homestead laws, that
the purchaser gets a good title again t all
executions whatever that may be on the
property. Under the above decision there
are six appeals to the Supreme Court.
The “Dickens' Party” at the Kimball
House, Atlanta, netted $500 to the Me
morial Association.
bunct
ThA lull in Wall street was compen
sated, yesterday, at the Gold Exchange
by a revival-of speculation. The large
shipments of gold from abroad have been
the theme of considerable discussion in
financial circles, and particularly in the
Gold Room. Much of tMs incoming gold
has been sold for cash, and a vigorous
‘bear” movement was also opened upon
the strength of tMs flow of gold. The re
sult was that yesterday there was a sharp
borrowing demand for gold, and the rate
for the use of it advanced from “flat” to i,
but later fell to “flat.” The’price ad
vanced from 11H to 111 ( amid the most
intense excitement and .great fears that
another gold “corner” had been formed.
Inquiry as to tbe means employed to
force the price upward elicited the infor
mation that a number of Canadian and
other bankers who had large quantities
of gold, discovering that the market had
been oversold for the time, availed them
selves of their knowledge and their ahili-
ty to put up the price, and also to exact
an enormous commission for the use of
it. Some of the borrowers refused to
pay this rate, and at the time the state
ments should be ready for the Gold Ex
change Bank - these particular accounts
were still in default. As the statements
of these men represented very large trans
actions, it was essential that they should
be sent in, bo that a general clearance might
be effected. As their refusal to send them
in would embarrass the clearing, and lead
to a general return of statements to the
brokers, besides causing a great deal of
unnatural excitement and bringing upon
the members of tbe Gold Exchange trou
ble and loss, Drexel, Morgan & Co., bank
ers, of Wall street, offered the amount of
gold needed for the clearances of the de
linquent members, trusting to obtain by
subsequent negotiations the amount due
them. TMs had the effect of stopping
what might have been a very serious com
plication, and gold Ml off to 113}. but
reacted again to 114—the closing figure.
It is understood that the amount ad
vanced by Drexel, Morgan & Co., was
$600,000.
The gold clearings for the day were as
follows: Gold cleared, $24,200,000: gold
balances, $1,632,877 69; currency balan
ces, $1,357,379 44.—Tribune.
Blodoett has written a letter a friend
in Atlanta explaining why he did not ap
peal- before the courts after receiving
Conley’s pardon, from wliich we extract
the following:
Vanderbilt takes life “ awful easy.”
Ho doesn’t spend over three hours a day
in his office, and when intimate friends
say they haven’t called because they
didn’t want to interrupt him, he replies:
“ Never fear that, come in, any time. I
am never ■ busy; indeed I don’t have
_ , , . . hardly anything to do. I always like to
Not being well versed in t ae law my- see my friends, and I have abundance of
8e “’appealed to lawyers m whom I had . time to chat with them. Yon needn't be
confidence, two of wtoeh had been at the afraid of disturbing me. I’m always
very heacj of the highest court in Geor- ready to bo seen.”
I think the panic is over. I have eTeij
faith now in' an advance in prise;, ail
believe the market will be more buojart.
than for’a long time. Wall street -will'
have been cleared out of a great part of
the worthless stocks and so called securi
ties by the purging process of the panic,,
and tnere are comparatively few stocks
now quoted except those of real value..
In all cases, prices are now too low and
in that of good dividend paying stocks 1
very large advance is necessary to bring
them up‘to their actual worth. lie
reasons for an advance are: That tLe
money market will become easy as soon
as the. stock exchange is opened, owing
to the -very large quantities of green
backs which have been disbursed by the
government in its lat* bank .purchases;
that an immense amount of capital has
been put into circulation by the action of
the banks in issuing Clearing House cer
tificates wMch displace a corresponding
quantity of currency; that England i;
sending over millions of gold which will
come into active use immediately on ar
rive 1, and that speculation has had such
a long sleep that it will be all the mare
lively when it wakes up again.
DISCHABGESQ MECHANICS.
The disturbed state of the money mar
ket has made it necessary for some large
firm? in this city to discharge many of
their hands and give others only three or
four days’ work a week. A large manu
facturing firm has closed up altogether
Much difficulty is experienced by em
plovers in getting cash for their work
men and on Saturday last many were
paid either in whole or in part in’check).
In neighboring cities a similar condition
of affairs exists.
Washington—Various Banking.
Policies.
■ l Washington, Sept. 29.—The Farmers'
and Mechanics’ National Bank of George
town, the National Bank of the Republic,
the Bank of WasMngton, and the bunting
house of RiggB k .C0. and Middleton -
Co., are paying all demands upon them
as usuaL Thq other bonks anu banting
houses in a combination formed last night
to certify checks instead of paying cur
rency, will not pay the smallest check to
day. Since' the commencement of tne
panic, four institutions have c!o;ed them
rooms, viz: The First National Bank ana
WasMngton City Savings Bank,cowin
liquidation, and the banking house of
Jay Cooke & Co., and Font, Washington
& Co. , .
There were drawn from the Freedmans
and -WasMngton City Savings B*"
within ten days, $575,000, and from tie
other banks in the city about $S0i,wU
Friday, one per Kin alone drew ton t
National Bank of the Metropolis $16A>oa
and placed in the Safe Deposit C°;
of the money drawn remains with tu
drawers. ,.
A Veteran Presbyter and Godly
Man. i '
Rev. S. S. Gailliard, of Griffin, the
Evangelist in Macon Presbytery, pa®ed
through our city yesterday on his way
the meeting of Presbytery. Thisi;t e
fifty-sixth consecutive Presbytery he
attended without a single hreati a®
during that whole period, too, he
missed but on« Synod. Of course he ^
not always lived within theboun 0
the same ecclesiastical judicatories^
invariably identified himself with tace
nearest at hand. ,
Descended from an old and a° nori
Hugcnot family, who sought refuge rc
persecution in Carolina, he reta-us
fervent piety and noble characters^
Mb race. Few menjare more deserving uu
useful in tbe church.
Jat Cooke was noted as
banker. He entertained fifty c ' e ^ n ^
in his hospitable and palatial mu - ^
Lake Erie every summer, while ^
acting as agent for tbe sale 0 f
twenties and negotiating nn ^
bonds for the Northern Bacui
guests of the great banker
node Mm with the old hymn, 1 g
•On Jordan’s stonny banks/’ etc..
and bid him a long adieu. ^
Virginia Conservatives offer a P nz ,
the county which will g* vc 3
majority. —
A “honeymoon cab” is now run 0 ^
Pacific railroad for the accommodatio
bridal parties.