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lTtblomk & CO.,
PUBLISHERS AUD PROPEIETOES.
AUGUSTA, Ga., SEPTEMBER 19,1863
News Dealers.
The Banker op the South am be obtained of the
following News Dealers : >
P. QUINN, Augusta, Ga.
C. C. NORTHPOP, Jr. & CO., Columbus, Ga,
E. M. CONNOR, Savannah, Ga.
W. C. ESTELL, Savannah, Ga.
PHILLIPS & CREW, Atlanta, Ga.
M. LYNCH, Atlanta, Ga.
HAVENS & BROWN, Macon, Ga.
A. OMBEItG, Jr-, Rome, Ga.
P. QUINN, Charleston, S. C.
W. DeLACEY, Charleston, S. C.
B. DOSCHEIt, Charleston, S. C.
E. C. HAGOOD, Selma, Ala.
H. C. CLARKE, Vicksburg, Mies.
W. H. WOODRUFF, Vicksburg, Miss.
KENNEDY A COCKERELL, Natchez, Miss.
HENRY GWTNNER, Canton, Miss.
C. C. HALEY, New Orleans, La.
CARTER & CO., Mobile, Ala.
A. SIMON, New Orleans.
W. C. COLLIER, Nashville, Tenn.
GEO. HORTON, Nashville, Tenn.
A. SEITLEFF, Nashville, Tenn.
PAUL, TAVEL k HANNER, Nashville, Tenn.
JOS. LOCKE, Memphis, Tenn.
PATTON k PAYNE, Chattanooga, Tenn.
F. M. DOUGHERTY, Clarkesrille, Tenn.
W. SCOTT GLORE, Louisville, Ky.
J. J. WILLIAMSON, Washington, D. C.
J. WALL TURNER, Richmond, Va.
MICHAEL FLOW, Sau Francisco, Cal.
W. H. COWPER, San Francisco, Cal.
J. E. MASON, Galveston, Houston, and Bryan, Tex.
W. UNDMEYER, Galveston, Texas.
R. W. OFFUTT & CO., Montgomery, Ala.
JOEL H. TURNER, Los Angeles, Cal.
CALIFORNIA A PACIFIC NEWS COMPANY", No.
81 Nassau street, New York.
AMERICAN NEWS COMPANY, No. 119 Nassau
street, New York,
These gentlemen keep also on hand all the latest
publications and periodicals of the day, and will
promptly supply orders addressed to them.
Agents for The Banner of the Sonth :
General Traveling Agent—M. J. GANNON.
STATE AGENTS.
Kontuckv-W. SCOTT GLORE.
Florida—l. EVANS FROST, Mercury Office, and
C. C. BISBEE, .Jacksonville.
Louisiana—CHAS. D. ELDER, No. 21 C<*nmercial
Place, New Orleans.
Texas—J. E. MASON, Galveston.
California-—I. S. OVERTON, San Francisco.
Idaho Territory—L. O. BENEDICT, Oentrevillc,
Boise County.
LOCAL AGENTS.
Tucson, Arizona Territory—W. S. and G. H. (JURY.
Sedalia, Mo. —J. K. STALEY.
St. Louis, Mo.—BASIL T. ELDER.
Chattanooga, Tenn.—J. K. KUHN.
Bristol, Tenn.—HAMLING BROS._
Newberu, ST. C.—-JNO. N. WASHINGTON.
Cumberland, Md., and West Virginia— HILLARY E.
NOON. _
Americas, Ga.—P. CROGHAN, Jr.
St. Augustine, Ela.—H. B. DUMAS.
Lexington, Mo.—J. PERKY CATHER.
Memphis, Tenn.—JOS. LOCKE.
St. Martiusvilie, La.—J. T. HEARD.
Charleston. S. C, — EDW. LEE, and Capt. JAMES
ARMSTRONG.
Savannah. Ga.—E. M. CONNER.
Macon, Ga. —C. J. CAREY.
Atlanta, Ga. —T. C. MURPHY and W. J. MANN.
West Point, Ga.—P. GIBBONS.
Greensboro*, Ala.—A. H. WILUAMS, Beacon office.
Cuthbort, Ga. —G. F. BUCHANAN.
Manning, S. C.—ARTHUR HARVIN.
Columbus, Ga.—JAS. RXAN.
Nashville.—W. C. COLLIER, A. SLfLIIF.
Knoxville, Tenn.—JAS. MALOY.
Louisville, Ky.—W. SCOTT GLORE.
Pine Bluff, Ark.—JOHN P. MURPHY.
Clarkesville, Tenn.—J. W. FAXON.
Montgomery, Ala. —W. J. ItYAN.
Huntsville, Ala.— DAN’L O’C. MURPHT.
Columbia, S. C.—PAT’K FAHAY.
Petersburg, Va.—ROBT. KitNNY.
Richmond, Va.—JOHN LI. WALSH.
Washington, D..C. —J. J. WILLIAMSON.
Maysville, Ky.—Dr. E. XV. RUTH.
Baltimore, Md.—Lieut. A. McK. PITTMAN.
Sandersville, Ga. —E. A. SULLIVAN, P. M.
Millwood, Mo. —Dh. JOSEPH A. MUDD.
Corpus Christ!, Texas.—UlCH’D POWER.
Mobile, Ala.—B. McGOVERN.
Wilmington, N. C.— JAS. MADDEN.
Bairdstown, Ga.—o. A. McLAUGHLIN, P M.
if#- The paper can also be obtained from news and
periodical dealers everywhere.
Specimen copies will be sent to any address, on
application.
To (lie Ladles of the South.
We want the Ladies of the South to aid us in ex
tending the circulation of Tee Baxker of the
South ; and, in order to give them some encourage
ment to do bo, we offer the. following premiums:
I. To the Lady sending us the largest
list of subscribers (at $3 per an
num,) by the Ist of October next
a Sewing Machine, worth $60,00
2. To the Lady sending us the second
largest list of subscribers (at $3 per
annum,)by the same date—a Music
Box, worth $25.00
*. To the Lady sending us the third
largest list of subscribers (at $3 per
annum,) by the same date—a Work
Box, worth SIO.OO
4. To the Lady sending us the fourth
largest list of subscribers (at $3 per
annum, )by the same date—a Photo
graphic Album, worth $5.00
And a copy, one year, (free), to the getter up of the lists
UjlVHie cash to accompany all subscriptions.
TO THE CHILDREN.
1. To the Boy or Girl sending us the largest list of
Cash Subscribers, by the Ist of October next, (at
$3 per annum,) we will give a choice lot of Ju
venile Books valued at $lO, with one copy, cue
year, of Young Catholics’ Friend, or Burke’s
Weekly, as they may prefer.
2. To the Boy or Girl sending us the next largest
list, by the same date, a set of Juvenile Books
worth $5, or a Gold Pen of the same value, as
they may prefer.
3. To the Boy or Girl sending ns the third largest
list by that date, One Years subscription to The
Banker os’ The South free.
In any case where the money is prefered, it will be
given, equivalent to the value of the premium offered.
L. T. Blome & Cos.,
Proprietors & Publishers.
WANTED.
We desire to obtain some six or seven
Traveling Agents to canvass for The
Banner of the South in the several
States of the Union. None but good,
reliable, men, who can come well recom
mended, need apply.
CORRESPONDENCE SOLICITED.
•_IV- »
We will be pleased to receive letters
from all portions of the South, for publi -
cation in the Banner, giving the condi.
tion of affairs in the neighborhood of the
writers, local news, prices of land, quality
of soil, inducements for immigration,
political conditions, etc., etc., and any
other information that will be of interest
to the general reader. To any one fur
nishing us such letters regularly, as suit
us, we will give one copy of the Banner,
one year, free.
ACADEMY OF THE VISITATION,
We have, heretofore, alluded in favora
ble terms, to this Institution of Learn
ing, located at Georgetown, District of
Columbia, and had, subsequently laid
aside, for publication, a very interesting
article in regard to it, from the columns
of the Baltimore Catholic Mirror. We
regret, however, that that article was
mislaid, and hence its non-appearanoc in
these columns.
This Academy is located in one of the
pleasantest and most relined communities
in the country, and is under the care of
the good Sisters, who devote all their
time and attention to the care and ed
ucation of those entrusted to their charge.
All the branches of a polite and useful
education are taught here, while a moral
and almost parental influence is brought
to bear upon the pupils—bright exem
plars of a useful and well spent life. Thus,
good example, high moral precept, and
religious training, are combined with in
tellectual culture to such an extent as to
make this one of the most desirable in
stitutions of learning for girls in the en
tire South. And this applies not only to
Catholic Children but to Protestants
also, for we are sure that no undue in
fluences are exerted over the minds of
the young to convert them from their
own faiths, or to proselytize them to the
Catholic faith.
The location is pleasant, healthful, and
easily accessible. The terms are moder
ate, and every advantage offered that
could induce parents to send their chil
dren there.
With all these facilities, and under all
these circumstances, we do not hesitate
to recommend the Academy of the. Visi
tation as one of the most desirable in the
South, and to recommend its patronage
to parents and guardians, who are seek
ing for a school abroad to which to send
their children,
Burke’s Weekly. —The August num
bers—bound in a handsome monthly part
of this favorite of the boys and girls, is
before us. We notice that the Southern
Boys' and Girls’ Monthly, heretofore
published at Richmond, has been dis
continued, and its subscription list trans
ferred to the Weekly. This will ensure
a concentration of the talent of the South
on one periodical, and tend to make
Burke’s Weekly even better than it lias
been. The Weekly is now thoroughly
established, and is daily growing in pub
lic favor. The publishers will send
specimen numbers, free of charge, on
application. Terms, $:2 00 a year. J.
W. Burke & Cos., Publishers, Macon,
Ga.
-®—
Thf, American Stock Journal. —ln
order to give every Farmer and Stock
Breeder an opportunity to examine the
merits of this valuable Monthly Maga
zine, tlio enterprising publishers offer to
send three numbers, free and postpaid,
to every person wishing to examine it.
The three copies contain over one hun
dred pages of choice and valuable origi
nal articles on the breeding, care, and
management of all classes of Domestic
Animals, illustrated with numerous en
gravings Address N. P. Boyer & Cos.,
Parkesburg, Chester Cos., Pa.
Two Interesting Articles. — We
publish in this week’s Banner, two in
teresting articles from the pen of Miss El
zey Hay, the noni de plume of one of
Georgia’s most talented daughters. These
articles, are pungent, humorous, and well
written. We should be pleased to hear
from Miss Elzey often.
A Printing Office for Five Dol
lars. —We have received a printed cir
cular from R. W. Loughery, proprietor
of the Jefferson (T ex.)Times, and the
Marshall (Tex.) Republican , offering one
of these offices, with building, by Lot
tery, at $5,00 perchance. The property
is valued at $25,000. The Texas papers
endorse the proposed scheme as fair and
honorable. The drawing is to be on the
plan of the Havana Lottery; and a
good opportunity of securing a valuable
property is thus offered fur a very small
investment.
The Western Musical World. —Wc
have long been a recipient of this musi
cal publication, and, though modest in
its pretensions, we can safely recommend
it as a valuable work. It contains a
great deal of interesting reading matter,
musical news, lists of new sheet music,
and several pages of good music in
every number. The World is pub
lished monthly, by S. Braitiard & Son, at
the almost nomiuinal price of one dollar
per annum, In every family where
music has a place the Western Musical
World should also have a place. It will
afford a cheap supply of the best and
most popular musical pieces of the day.
NEW YORK CORRESPONDENCE
OF THE BANNER OF THE SOUTH.
The Bond Question —A Plain Account
of B —“ Repudiatio n National
Debt—A dvice to Capitalists — Confe<de
rate Example—lnvest in Enterprises.
New York, Sept. 12, 1808.
Banner of the South:
Tiie “Bond question” is so little un
dcslood, that, perhaps, the reader would
not object to some plain account of it.
A Government bond is a promise that,
since A. has loaned a certain amount of
money to that Government, he shall, at
the end of so long a time, receive back
his money and interest at a certain agreed
rate upon it up to that time. As
will be seen, the value of abend depends,
therefore, first, on the faith,A. has that
his money will be repaid him, and,
second, on the advantage he supposes
will accrue to him from loaning it out.
At the time that the Government of the
North issued those bonds, of which wo
hear so much as United States Bonds, it
was doubtful whether the promises made
in them would, or could, be kept, and, in
order to overcome this fear, and induce
men to purchase them, extra induce
ments were offered. It was agreed that
the interest should be six per cent, a
year, in gold, upon them until paid, and
that, when the principal came to be re
imbursed this also should be reimbursed
in gold.
This clause is put in italic, as being
the one upon which the great quarrel
upon the “Bond question” originates. It
is held by the Radicals that the promise
of the bond is that the principal is to be
paid in gold, and by the Democratic
party that the promise was to pay in
currency. Between the two, I am in
clined to believe that the Radical view is
historically correct. When these bonds
were issued, the Northern Government
was mad and crazy, to overcome the
South. Without money it could not
carry on its crusade. Money was needed
to hire the scum of Europe for its army,
and, as this alone would not have been
enough, money was needed to purchase the
patriotism of its own people, by large
bounties, to “rally round the flag.”
Money’ must be had, and, in order to get
this money, the most tempting bribe was
offered the financial world to buy its
bonds. Had these bonds only been in
tended to sell in the North itself, it might
do to say that the promise they made
was to repay the money loaned, in green
backs; but, immense quantities of them
were sent over to England, France, Prus
sia, and Germany, and it is ridiculous to
suppose those foreigners would ever have
bought them had they not been promised
repayment in gold. They would not have
counted down their hard, coined money
their guineas, their florins, their francs
—if they had supposed they were to be
repaid in greenback paper money, which
does not circulate outside ol the country
which issued it, and only at a heavy
discount in that. I cannot but think,
therefore, that the Radical view of the
case is the one that is historically correct.
So believing, I believe, also, of course,
that when the Democratic platform says,
that the promise of these bonds was to
pay in something less than gold, that is
repudiation to that extent, and I am glad
of it. lam not a man to be scared by a
word. I believe that, in its bond plank,
the Democratic platform has taken its first
step towards the repudiation of this ac
cursed debt, and lam glad of it. Asa
matter of strict historical accuracy, I be
lieve it was promised that those bonds
should be paid, both principal and interest,
in gold; as a matter of interest and of
comfort, I should rejoice to see it all
swept into nothingness. It is the price
of blood. If it is ever repudiated—this
National debt—it will establish the prin
cipal, that all just Government is based
on the consent of the governed. It will
bring it to pass that if any portion of
this people, hereafter, desire to live by
themselves, in a Government of their
own, they can do so without hindrance
from others, for when one debt incurred
in support of one such hindrance has been
repudiated, no other debt for any other
like purpose can ever be contracted. If
some of the States desire to make war
upon the others, they cannot do so, for,
with this warning before them, no one
will loan, for any such purpose, the
sinews of war.
And now, with one more remark, let
us leave the “Bond question.’’ Whether
there is, or is not, to be a repudiation of
the national debt, is a matter in which
the North alone has any moral interest.
It is their debt. They got the benefit of
it, and if they refuse to return an equiva
lent for consideration received, it is their
own business. There is no moral obli
gation whatsoever on the South to pay
this debt. The theory of monetary obli
gation is this: If I receive the benefit of
another man’s dollar—if l have had it,
and spent it, or lost it, or had it stolen —
I am morally bound to render to that
man an equivalent to the value of the
consideration from him had and received.
If, on the other hand, 1 have never re
ceived from him the benefit of a dollar,
and if he forces it out of me, on pretence
that I owe it, he is a robber. It is thus
with the Northern debt. So far from our
over receiving any advantage from it, it
was contracted expressly for our disad
vantage. When we pay anything towards
it, we are paying for the bullets that
slew our brethren and the torches that
set our homes on fire. Asa matter of
prudence, it is not improper to pay to
wards it now; but, if those who made it,
and own it, decide among themselves to
renounce it, there is not a ghost of the
shadow of a shade of moral obligation in
cumbent on us to pay it.
Thus much has been said on the finan
cial question as it enters tin’s canvass,
first, in order to give some general idea
of a complicated subject; and, second, as
introductory to a remark or two to those
few men in the South who have retained
lrom, or amassed, since the war, some
means.
It is evident, gentlemen, that the
Northern people are restive under this
debt—at this date it is $2,643,250,285, or
at the rede of half a dollar for every
single hour since the world began, count
ing it 8,000 years old ! They are begin
ning to revolt against it; they have Repu
diation in their hearts, and will soon
utter it with their voices, and carry it to the
ballot-box in their hands. Under these
circumstances, what is it the part of a
wise man to do—invest, or keep invested,
in it his means, or draw out while it is
yet safe, and put those means in some
thing that does not depend for its exist
ence on the mere breath of a mob?
Obviously, it would seem proper to face
the coming storm, by such an investment
as cannot bo voted out of its value, some
thing tangible, something that can be
seen and touched, something that nothing
but elemental fury, or the direct wrath
of God, can altogether take away.—
Consider the case of the Confederate
Currency and Bonds. Men would not
buy houses, land, merchandise, or
stock, with them, since, in other ways,
they could make more. But make
more what ? More Confederate curren
cy, more Confederate bonds, and yet, in
an hour little dreamed of, the crash
came, and all this money, principal and
interest, was as worthless as so many
rags. To-day there is many a poor man
in the South who has thousands, and tens
and hundreds of thousands of this money
chucked away in his garret, when, had
he but bought him a little house, or a
piece of land with it, those comfortable
possessions would be his to-day. The
lesson is one that should not be lost.
Those in the South who have greenbacks
and L nited States Bonds, and are using
them simply to make more, should not
forget the terrible teachings of the past.
No stream can rise higher than its source;
no per centage can be different in safety
or value from the principal whence it
takes its rise, so long as kept in the form
of that principal. These greenback profit,!
you are making, are safe if you turn them
into gold, but, kept in gold, they are un
productive; kept in greenbacks, they are
hazardous.; and, now, how are you to
make them both productive and secure?
Are there no Cotton Factories to be built,
no Railroads to be begun or completed
no mines to be worked, no houses, ware
houses, or stores, to be erected, no land
to be tilled, no water lines to be worked ;
There is no repudiation in these thing.,
—their value is not measured by the
ballot-box —nor is their whole existence
a matter of clap-trap, stump-speaking,
demagoguery, and caucus.
With this, I would pass toother things
but the great length of this letter forbids,
and yet, on so vital a topic, I could hard
ly have said less. He who writes has
the welfare of the South tenderly at heart
and, from the signs of the times here,
has felt it his duty, as it certainly has
been a pleasure, to dwell on an exposi
tion intended to benefit a people so Ion o
and so undeservedly the prey of miafoG
tune and sorrow.
Tyrone Powers.
NEW ORLEANS (LA.) CORRESPONDENCE
OF the banner of the south.
A Puzzle for Antiquarians—
Taxation, and no Money—Municipal
Anomalies—Destitute Condition nf
the Orphan Asylums—Activity i .
St. Charles Street — Theatres —Burnt
Cork Opera—Commercial New Year
— Auspicious Opening — Opening of
the School Season—A Notable Feature
with the Louisianaise—A Virtuous
Education the True Ijevel of National
Greatness.
New Orleans, Sept. 5, 1868.
Banner of the South :
Future antiquarians, when studying
the Natural History of the present genera
tion, will be sorely puzzled how to
classify us. In the matter of Govern
mental revenues and disbursements, for
instance, they will find stupendous
anomalies. While the assessment and
collection of taxes goes on as regularly
as the march of time, the budget for ex
penditures seems to be a dead letter, as
concerns the designated creditors. In
this city, wc are taxed, taxed, taxed,
always taxed; but the objects for which
we are ostensibly taxed, seem never to be
reached by the money we pay into the
Treasury. Among others, there un
specified expenditures for Public School-
Police and Public Improvements, and,
yet, not a dollar has been paid out for
months past, either to Teacher, Police
man, or Laborer !
Another anomaly ; in consideration of
the privilege exercised by the Mayor, c
sending inmates to our Orphan Asylums
whenever he pleases, the Treasurer is
obliged, by law, to pay to these institu
tions the munificent remuneratin ' of
fourteen dollars per vear(!) for the sup
port of each inmate. How faithful! ▼ tli -
law is executed, may be judged from the
fact that, for months past, the* poor or
phans have been living on borrow? I
bread , because the devoted Sisters of
Charity have been unable to convert ini
cash their long overdue and authenticated
claims against the City Treasury. “Is
this because the Treasury is empty ?
Oli, no ! At this moment, over half a
million of dollars is lying idle there
“Why idle?” Because the Destructive
Government at Washington, through or
of its late Destructive Commanding Gen
erals, appointed here a Destructive Mayor
(Heath), who, with one stroke of his and
structive pen, effected the destruction of
our city’s credit by declating its cun - ,
worthless! “With desolation,” how truly
“is the whole land made desolate” by the.
wretches.
Quite another picture is presented ’u
our thoroughfares of dissipation.
St. Charles Street, the entire region ‘
theatres, gambling and tippling saloons :
undergoing a brilliant transformati
the hands of painters and upholsterer-
Wiiitewashing, stuccoing, and gilding i
the order of the day, peparatory for th*:
‘‘gay season,” at hand. Piles of bri- k,
mortar, lumber, and unsightly scaffoldu -
obstruct the way on every block. Hut
coats, dresses, and boots, suffer accord in u
ly, with a daub of paint here and a
of lime there. Two of the theatres in"
alteady “opened the season,” with ts
inevitable burnt cork squads—a sty
entertainment, however much it may
ridiculed, in my opinion, far less tnr;n
cious than the more pretentious dram ■*
generally conducted in our day; hr,
whereas the latter are almost alv. ' ;
prone to delicate indelicacies, and oth u .
moralities, the former is always pr v
tive of a good healthy laugh, and rau
aims to arouse any sickly sentiment: • r
in its auditors.
Our Commercial New Year opn
auspiciously, with large receipts or i
1 Cotton, which infuse fresh life into ev