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6 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