Weekly Georgia constitutionalist and republic. (Augusta, Ga.) 1851-185?, July 27, 1853, Image 2

Below is the OCR text representation for this newspapers page.

\ [ From the Mania Intelligencer , 21s£ znst.j The Atlanta Bank. So much has recently been said, through Southern and Western newspapers, concerning the Atlanta Bank, that the subject has assumed a degree of importance sufficient to justify a somewhat extended inquiry into the facts of the case—more extended perhaps than we 6hail have space to make in to-day’s paper. The nature of the subject, moreover, is such as to awaken public attention and should elicit calm, dispassionate, unprejudiced investigation, since there are few things in which the public may be supposed to have a deeper interest than in discouraging and avoiding unsound Bank is sues, on the one hand, and of sustaining a sound and reliable currency, on the other. We know very well that where the standing and responsibility of a Banking institution is brought in question, it is one of the first duties of an independent press, to ferret out and expose abuses where found to exist, but it is not less a duty to vindicate its character from unjust at tacks, so far as a plain statement of facts, and inferences fairly deducible from them, may con stitute a vindication. We enter into no thought less and unqualified defence of the Bank—we wish it to rest entirely upon its own merits. We simply desire that perfect fairness be observ ed on all sides. And we assure our readers that so soon as any evidence comes within our knowledge, leading reasonably to the conclusion that George Smith & Co., intend to do a fraudu lent business, or any business not fairly within the purview of the charter, we shall be prompt to give it publicity through our columns and to denounce the institution in such terms as the safety of the public might require. At the time the Atlanta Bank charter was about being taken up, as well as since that time, we, together with other citizens of Atlanta, feeling an interest in the prosperity of the place, sought, and have continued to seek, all the in formation, from different quarters, necessary to a proper understanding of the responsibility, business character and privious history, of Geo. Smith, the principle stockholder. And in this connection, it is due to Mr. Smith, and the officers of the Bank, to say that they have shown no disposition to avoid investigation, but have rather courted the most rigorous scrutiny. From every direction in which inquiries were made the responses were entirely satisfactory both as to Mr. Smith’s integrity as a man, his wealth, and ability to redeem whatever issues of paper he might make in accordance with the provisions of the charter. Accordingly we could not help looking with suspicion upon the vague yet virulent attacks which were made upon Mr. Smith, and the Atlanta Bank, especially when these assaults w'ere most vigorous in quarters from whence opposition and embarrassment thrown in the way of any Bank which might be located at this point, were generally expect ed by our citizens, even before the charter was taken up by the present stockholders. Indeed if we look to the localities in the West and in this State, where these assaults have been fier cest, it is easy to see that local interest and pro fessional jealousy are both most zealously enlist ed on the side of the attack, and this, in our opinion, is the great moving power in the op position. In. answer to inquires addressed to the Presi dent of the American F.xchange Bank, of New York, one of the oldest and most reputable Banking Institutions in the United States, the following letter was received : American Exchange Bank, ) New York, March 14, 1853. 1 Dear Sir:—Your letter dated 9th inst., is re ceived. You inquire the ability of George Smith to carry out the requisition of a Bank charter, but do not inform mo what those re quisitions are. I however state with pleasure that Mr. Smith is represented to be a wealthy man, and I have no doubt of the fact, and believe him fully competent to carry out any under taking he will engage in. Respectfully, D. Leavitt, Presidenf. In answer to inquiries of a more recent date, the following letter has been received, which we copy entire: Office of Messrs. Duncan, Shf.rkan &) Co., Bankers, N. Y., June 27, 1853. J Dear Sir:—ln reply to yours of the 23d inst., we beg to say that the writer has had the pleas ure of knowing Mr. George Smith, about whom you enquire, for many years past—has had ex tensive Banking transactions with him during that period—has had opportunity to know much of the extent and character of Mr. Smith’s business, which to his knowledge has been Banking entirely, and of a nature to be of im mense convenience and value to the localities in Illinois and Wisconsin, where his Banking offi ces are established. ■ai believe Mr. Smith to be possessed of a large fortune—a gentleman of perfect straight forwardness in business transactions, of grea*: experience and sagacity, and abundantly good, in our estimation, for all engagements he will be likely to contract. Your-ob’t. serv’ts., Duncan, Sherman & Co. Such testimony as the above from probably the wealthiest private Banking House in the Union —a House whose circular letters of credP are bankable in every part of the civilized world, should, and will with reflecting men, re move whatever doubts may have been excited as to the character and ability of Geo. Smith, by the abusive newspaper paragraphs which have been set afloat in order to prejudice the public mind against the Atlanta Bank. Communications from other sections have been fully corroborative of all contained in the letter quoted above. T'ne citizens of Atlanta have reason to con gratulate themselves, we think, that so wealthy and able a financier has located a Banking House among them, and have good grounds for assurance that the institution will be conducted legitimately and with a due regard to the inter ests of the place. The responsibility of Geo. Smith is so well known among financial men, that very little has been seriously said against him in this respect, the assailants confining themselves principally to intimations of fraudulent intentions. This is an exceedingly vague and indefinite charge. It might he brought against the most pure and honorable man in the world and be impossible to disprove, except so far as clear record of his past life should serve as a guarantee that his fu ture acts would be equally correct. The revil ers of Geo. Smith have not descended at all to particulars. They have not pointed to a single act in his life that they pretend has been fraudu lent. All the fraud lays in the future. He las been doing an extensive Banking business all his life and has never been detected in anything like fraud, but he is going to perpetrate fraud sometime hereafter. Well, we are disposed to hold every man innocent until he is proved guilty, instead of reversing the old principle, as we are required to do by Thompson and oth ers. But let us glance briefly at the past career ol Geo. Smith, and see if he is a man whose acts have been of a character to excite distrust. A Scotchman by birth, he seems from a!! ac counts to combine in a marked degree, the char acteristics of his nation—caution, discretion, and sound common sense. He settled in the North- West, at an early day, when that region had little wealth and no credit. The vast resources of that country only required capita! and credit to be fully developed, and to make it one of the most prosperous portions of the Union. Mr. Smith accordingly opened Banking Homes in Chicago and Milwaukee. By the exercise of prudence and foresight which were extremely necessary in the state of society it the West, he not only added largely to his own fortune, but contributed greatly, by the Banking facilities he was enabled to afford to the developement of the natural trade and commerce of the country. His operations steadily increasing, he carried on for many years almost the entire Banking busi ness of Illinois and Wisconsin. The North west gradually grew in wealth and credit, and it is believed by many in that section, that had it not been for the facilities afforded by Mr. Smith, those States would have been many years behind their present position. Geo. Smith’s circulation in 1847-8 is supposed to have bepu about two millions of dollars, widely scatteied not only throughout the States of Illlinois a<nl Wisconsin, but in portions of Michigan, Indiana, Missouri and lowa. About this time a charge was made against him in Thompson’s Reporter, and re-published in the Western newspapers, that he was not personally liable for this im mense circulation, and that he would some day quit the country and leave his bill-holders in the lurch. On this the greatest excitement and alarm spread over the country, which was fol lowed by one of the heaviest runs ever made on • any Banking institution in the U. States. The anticipations of his enemies were not fulfilled. Instead of closing his doors, and refusing to re deem his issues, he at once advertised that for the convenience of the public he would keep them open several hours in each day longer than usual. Day after day his bills were poured in upon him from every direction, and in less than a fortnight, it is said he redeemed nearly a mil lion and a half of his circulation. Considering that this storm came upon him suddenly and unexpectedly—that his Banking Houses were far distant from any point where gold could be readily obtained, or where his assets could be converted into money, we can not help lo -king upon this achievement as one of the greatest triumphs in the annals of-Bank ing. It was so looked upon at the time. The Western press and the public were loud in their laudations of the man who had passed through such an ordeal and come out unscathed. The name and credit of George Smith were estab lished and his issues once more circulated freely, the people at the West regarding them as sale as the notes of any Bank in the Union. We find in “Kennedy’s Western Review and Counterfeit Detector” for the present month, published in Pittsburgh, an article referring to this same affair, which agrees with our own in formation, except as to the amount redeemed, which is placed too low in the “Review.” We give the article entire: “Thompson’s “New York Reporter” is put ting its best licks into George Smith and his bank at Atlanta In the last number there are no less than eight paragraphs in refer ence to that concern, every one of which is more or less depreciatory. Now, we recollect when Tom, Dick and Harry, and the whole West, made an onslaught on the Wisconsin Marine and Fire Insurance Co ., of which Smith was the principal manager and owner, and were to run him to the girth, that George stood up to the rack like a man, and never flinch ed from the payment of every liability present ed, to the amount of $600,000 or SBOO,OOO. In short, he went throgh the ordeal triumphantly. If there have been any streaks of poverty or de falcation in Smith’s course, since then, we do not know it; and if he chose to subscribe for the ivhole of the stock of a bank, recently and le gally chartered by the State of Georgia, and thus cut out Thompson, perhaps, and a num ber of others, from doing just what he (Smith) has done, we can’t see the propriety of raising the hue and cry of mad dog and swindling. If all that Thompson has said about Smith, were said by Smith and others about Thomp son and the banks he is concerned in, there would be a good deal of ill humor in the cellar at the corner of Broadway and Wall streets.” Unluckily for the disinterestedness of this man Thompson, the publisher of the Bank Note Reporter, whose attacks have been so frequent and virulent, and who is now sued by Mr. Smith for libel, it appears he is more directly concerned in whatever may turn out to the pre judice of Geo. Smith, than he is willing to tell us in his Reporter. Some ten or twelve months ago, Thompson established his son-in-law, as a Broker in Chicago. Prior to this settlement of his son-in-law, the Bank Note Reporter duly quoted all Smith’s Banks, including the old Wisconsin and the Bank of America, in Wash ington, but since then he not only drops these, but refuses to quote the Atlanta Bank, although regulary incorporated and having similar condi tions and provisions to other Banks of this State, for the security and protection of the bill holders. The inference is natural und reason able—the Detector and his son-in-lew find Smith & Co. a thorn in their side, too well es tablished and too wealthy, and must be injured some way or another. Hence his attacks upon the Atlanta Bank, and his efforts to prejudice the public mind against its issues. We might go farther and inquire as to this Wall-street Broker's (Thompson’s) connection-with the “ National Bank” in Washington City, byway of showing the character of the man, who has set himself up as an abuser not only of the At lanta Bank, but all the Banks in Georgia, as well as our State Legislature. But we will re j serve this for some future occasion, j Mr. Smith is owner of the Bank of America, iof Illinois, and the Marin*jt& Fire Insurance ! Bank of Wisconsin, both organized under the respective Free Banking laws of these States. His fortune is made, but being an enterpriing man, he must find employment lor his capital, and no reasonable man will blame him for seeking what he considers a good market, and locating a portion of his wealth in Atlanta. We have no doubt that he will do a legitimate Banking business at this point, to the full extent of the business requirements of the locality. If he chooses to circulate a portion of his surplus issues in the West, or anywhere else, where he 1 has cradit, it issimply doing what every Bank i in the Unisn would do if it had the credit I make its issues circulate. To bring the matter | home—do not the Banks in Georgia and South Carolina have agents for the circulation of their notes, not only throughout these States, but in the States of North Carolina, Tennessee, Ala bama, Florida and wherever else they may have credit? Within a year past a large number of petty Banks have sprung up in Illinois and Wiscon sin, under the new Banking laws of those States. They naturally feel jealous of the mamoth in stitutions of George Smith, and have got a num ber of the press to side with them, in the work of endeavoring to destroy the public confidence which is so strong in his favor. But their at tempts, though carried on with vigorous perse verance, have proved futile. As an evi fence of this we observe by the Chicago Democrat, that the Banks of that city, the merchants and citi zens are now taking the Atlanta bills freely. In conclusion we w r ould call the attention of readers to the notice of the Atlanta Bank in our advertising columns, by which it will be seen that the institution is opened and prepared for Banking business. It will be seen that the bills are redeemable in New York at three fourths of one per cen. discount, orone-f'ourth percent, less discount than the bills of any other Bank in Georgia. To D estrov Bonn Worms. —A correspondent of the Mississippian, discoursing on this impor tant subject, says: Various means have been resorted to without any, or at best, but partial effect to accomplish the purpose. A burning of a portion of the flies which produce the worm on log fires, or ensnar ing some with plates of molasses, stiil leaves a sufficient number to generate worms enough to make great havoc in the fields. The only way to avoid the evil, is to apply some general reme dy which will prevent the fly from approaching the plant altogether. The writer of this was led by accident to the discovery, in 1850 of such a remedy as lie believes will answer tnat pur pose, at least his experience that year was such as to convince his own mind. The period of the year is now approaching, when anxiety in regard to the crop is predomi nant with all, and he gives it to the community for what it may be worth : A smoke of tar and sulphur, made between sunset and dark every night fora week, the last of July or first in Au gust ; and then thrice a week afterwards, for two or three weeks, has been found, by actual expe rience. effectually to prevent the flies from de positing their eggs on the plant. The fires should be placed one or. every five acres at least, and nearer if convenient. An old stump or rot ten log of any kind will do to make the fire with. President Pierce and General Scott. —lt is said, in the Crystal Palace, last Thursday, when President Pierce met General Scott he shook him waimly by the hand, and said : “ Ah, General, I never expected to meet you on the I same platform l' l JL_l_gii [Frotn the Central Georgian .] Scott Men Posts. The Convention which assembled in Milledge ville on the 22nd June, nominated the Hon. Charles J. Jenkins as their candidate for Gov ernor. At that Convention, a few Scott Whigs, by appointment, and by proxy, attended, much against the generally expressed wishes of a large portion ot the party, who mistrusted the ultimate designs of the leaders of the movement. Several prominent and influential Scott Whigs, delegates, refused to go into the Convention, af ter arriving at Milledgeville, fully satisfied that the getters up of the Convention, had for their object the overthrow and extermination of the Whig party in Georgia. Others, however, were anxious and willing to close up the breach between the two wings of the old party ; and were disposed to abide, in good faith by the nomination, as the means of doing sonotwithstanding there were several very prominent objections to the action of the Convention ; which could not, at the time, be conveniently reached, nor the real intentions of its leaders be definitely determined by the read ing ot the Resolutions, on the occasion. Still, but for the subsequent occurrences, which have ully unmasked their designs, and but too clear ly expose an unjust, selfish, and vindictive spirit, on the part of the Webster men ; and which aims at nothing short of exterminating the Whig name and principles from the State ol Ceorgia. and crushing those who still adhere to them—those objections might have been over looked. The strong points of objection to the action of the Convention, and which are exceedingly dis satisfactory to the Scott Whigs, may be briefly stated as lollows: First —Men were invited and encouraged to j to co-operate in its deliberations, who had but recently broken up a friendly alliance, of asimi- j lar character, for the sake of old party associa- : tions, when it was well known those associa- ; tions were inimical to our best and dearest in- ; terests. In the good faith of sudh men, we i could have no confidence. Their principles and [ sympathies were not in common with us. Second —lt was not attempted to be dis • guised by the Webster men, or the leaders of, the movement, that a decided preference was given to these men, over our higher claims to consideration and respect. This could have j arisen from no other cause of offence, on our , part, than a high devotion to principle, and a re- j tusal to follow the dictation ol certain leaders, at the sacrifice of principles, which are eminent- [ ly conservative and dear to every true hearted Whig. Third —ln the leaders of this movement, we j discovered men, who have not only violated i grossly the integrity of the Whig party : but who , 1 while she nursed them to her bosom., have omitted no j opportunity, in the last four years,of defaming , her honor and making her name odious to the people of the Slate. They have now united with her ene mies, and our enemies to exterminate.her name and principles. Fourth —They pretend to be Whigs yet; it can only be for the purpose of better practising their deception upon us. until they shall have ; fully succeeded in their designs. For they have '■ already, without a moment’s hesitation, aband- j oned name, principles, and national affiliation, i They have sacrificed these, to gain their present | alliance. Fisth —While they are certainly no more ; accountable to us for their conduct, than we are , to them ; yet, their having failed, even in an j expression of a desire , for a re-union of the Scott Whigs, by this act, they have virtually refused our association, unless upon terms at once humilating and. degrading. With such leaders, and such men, henceforth, we can make no terms. They have no confidence in each other. The one lacks integrity—the other a proper regard for principle. Our only, and just course is. to withdraw’, and! assume the independent position of true old line Whigs. Subsequent events furnish other reasons for j repudiating this organization, which may be thus j stated : Sixth —A Resolution of the Convention was intended as condemnatory of the Whig party, while it seemed to bear a literal expression of patriotic motive; by which gross deception, many have been duped into its support. Seventh —During the sitting of the Conven tion, and since its adjournment, Scott Whigs, when placing their names befoie n: minating conventions, have been defrauded of the notni nation, by the trickery and management of the Webster men ; as in the cases of the 3d and 7th Congressional Districts. r i Eighth— At a Ratification meeting, m 1 the city of Savannah, on the evening of the j Bth inst., by the friends of this movement, a ; Resolution was passed, which casts an unjust ' reproach upon the Whig party ; and which j clearly defines the meaning and intention of the i leaders of the organization to be, the total de- j struction of the Whig party and its principles in Georgia; and to ostracise those w 7 ho are, and j shall remain true to its great and conservative j principles. And finally, that an attempt is now open- i ly made, to form a party’ upon a system of selfish, narrow, venal, local politics ; isolated, j and cut off from all national interests; merely; to uphold and sustain certain designing leaders, j whom the public mind has long since pronounc ed devoid of principle, or political integrity. That the plea for doing so is, the people, of Geor gia's “ social , moral,and intellectual interests /” A reason, which coming from the diseased brain of an inmate of a lunatic asylum, might have the semblance of reason; but coming from the brains of men, high in public station, might rather entitle them to the sympathy of the be nevolent. To this “ Utopian ,” scheme, w’e 6ee with pro found sorrow, the nominee of the Convention, giving the influence of his reputation. The justness of public sentiment, which gave fame to that reputation, might well be questioned, if it rested on this opinion alone, and under less popular circumstances. For these good and sufficient reason-, it be comes our imperative duty, as Scott men of the Whig party, and all honest, firm, true-hearted Whigs, of the old line, to stand aloof from this unholy, narrow’, selfish organization. To de clare openly, that on the conservative princi ples of the National Whig Platform of 1552, we will abide, through evil and through good re port. To our countrymen we have given re peated and ample proofs of firm devotion to principles and party’ obligations- Through all trials w’e have been true to them, —it now be comes our high and sacred duty to be true to ourselves. To this end, and to rescue from the vandal hands of those who would allure us but to de stroy our principles and party, let us prepare to present to the people of Georgia, an illustrious citizen, a true Whig, and a sterling patriot, for their Governor; whose heart and mind is suf ficiently’ capacious to embrace the great interests of the w’hole Union, and yet advance '* tlu social, moral , and intellectual interests ” of our own glori ous State. A Scott Wins. South-Western Georgia. —We have the most gratifying intelligence |from this section of the State, and can safely rely upon its correct ness. The coons are all taking their hollovvs.and j the algerines their caves all through South-west Georgia. Union Democrats and Southern Rights men are standing the administration,and are determined not to sacrifice our patriot President by the false issues of his foes, and the support of his most inveterate enemy, Chas. Jenkins. We shall carry every Congressional district, save the 7th and Bth, and our majorities will graduate, accordmg to the extent of union and co-opera tion. We want to see our standard bearers upon the rostrum; we want to see the people moving; they have all to win and nothing to sacrifice, by a strict scrutiny of their princples; the hotter the furnace, the purer the gold. —Griffin Jeffer sonian, 21 st inst. Kissane, who has been granted a new trial on one of the indictments against him, and who was delivered up by his bail, has been unable thus far to give new security. The Question of Slavery in fia Njw York Legislature. The Whig journals in other States, and the Jenkins journals in this, are unfortunate in their allusions to the late action ot the New York Legislature on the subject of slavery and the fugitive slave bill. That action, while it proves that a few’ professed Democrats are, in their hearts, traitors to the Constitution, establishes the same fact in relation to nearly the whole body of the representatives of the Whig party. The following is the test resolution : Resolved, That the State of New York reaffirm the doctrines of the inaugural, ‘that involuntary servitude, as it exists in different States of this Confederacy, is recognised by the Constitution ; that it stands like any other admitted right, and that the States where it exists are entitled to efficient remedies to enforce the Constitutional provisions;’that‘the laws of 18-50, commonly called the Compromise measures, are strictly Constitutional, and to be unhesitatingly carried into effectthat ‘ the constituted authorities of this Republic are bound to regard the rights of the'South in this respect as they would view any other legal and Constitutional right;’ and that the laws to enforce them should be respected and obeyed—not with a reluctance encouraged by abstract opinions as to their propriety in a different state ot society, but cheerfully, and according to the decisions of the tribunal to which their exposition belongs; and that the S'-ate of New York pledges her faith to the Union, that every law adopted by the constitu ted authorities of the United States, including the fugitive slave law. shall be faithfully enforced within the limits ot the State.” For this resolution, forty-three Democrats and only/our Whigs voted : against it, nineteen Whigs, and four professed Democrats. Os tne absen tees, twenty-seven are Democrats—fourteen Whigs. Taking this very exhibit as an index of North ern sentiment, can there be any doubt as to which of the two parties the South should be united in her political associations ? Can any Georgian hesitate whether to go with Jolfcison and the Northern Democrats, or with Jenkins and the Northern Whigs? For the question between Johnson and Jenkins reduces itself to this; shall we sustain the party which voted for Pierce, or that which was defeated with Scott ? Jenkins is in favor of keeping up his connection with the Whigs—Johnson with tha Democrats of the North And these are the only alterna tives left any of us. For a sectional party, whether calling itself Southern Rights or Union, can not be maintained in Georgia, as is proved by the fate ol both these temporary organizations. Shall we, then, by supporting Johnson, be found in political association with Northern Democrats, led by Pierce, Buchan nan, Cass and Douglass; or by supporting Jenkins, become the partizans of Scott, Corwin, Seward, and Everett. The majority of the voters of Georgia will hardly hes itate to choose as allies Northern Democrats in preference to Northern Whigs. Electricity and the Electric Light.— The thousands of holiday people who, on Mon day evening, returned by steamboat or railway via Hungerford Suspension Bridge, came unex pectedly upon an extraordinary and interesting exhibition. Two miniature suns—for so with out hyperbole we may characterize the electric lamps—one in each tower, converged their in tense rays on the centre of the bridge, and effec tually illuminated the whole of the intervening space, feebly lighted in general by about 100 gas lamps. The lights remained in continuous ope ration from nine o’clock p. m., till past midnight. Are the days of steam and gas numbered ? Elec tricity is now evidently destined to take the place of both. Os the applicability of the elec tric force as a motive power, as a substitute for steam in every branch of industry and enterprise, and as a source of illumination for streets, public buildings, lighthouses, mines, railway-tunnels, bridges, diving bells, &c., some practical men of science have never doubted; but until recent discoveries had exhibited the economy of “ this wonderful power.” by making its production economically profitable, the man of business had not contemplated its application to the daily purposes of life. The inventions ofDr. Watson, the basis of the intended operations of the Electric Power and Color Company, it is said, have now removed | the only obstacle to the universal use of electri city, and to its immediate application to tion, mechanical arr<i»f^m^iTV? , «f all {finus, na vigation. chemical decomposition and illumina tion. For '“while, in ordinary galvanic instru ments, the outlay in {he destruction of petals is altogether unproductive—absolutely wasteful —every shilling’s worth of material used in Dr. Watson’s batteries returns half-a-crown in the shape of valuable pigments, (which can be sold pure and unadulterated at a lower price than the adulterated articles in the market.) bleaching powder, and other commercial pro ducts readily saleable. We are, indeed, inform ed that contracts can at once be entered in to for the profitable disposal of all that the com pany can produce in the shape of chromes and Prussian blue, and that these contracts represent an actual demand to the extent of £40,000 per annum for the Russian market alone. As regards the mechanical perfection with which the illuminating process is applied it is i sufficient to advert to the fact that the Great I Northern Railway Terminus at King's Cross, ; extending 500 yards in length and usually lighted | up by 250 °;as burners, was completely and con -5 tinuously illuminated by two electric lamps I placed at one extremity, for several hours, du j ring which the gas lamps were extinguished. By this light alone the trains entered and de parted during the evening, and so intense was the brilliancy that the smallest print might be read with facility at the remote extremity opposite to the source of light. In the same manner as we have already mentioned, two lamps, one in each tower of Hungerford Sus pension bridge, lighted that thoroughfare for several entire evenings from nine p. m., till past midnight, completely “paling the inef fectual fires” of nearly 100 gas lamps. Several i perfectly efficient motive power engines have i been constructed, and are now in existence, ! adapted to be worked by electricity, but the i cost of that power has hitherto precluded their j employment for any practical purpose. | The economical solution of the question being | attained, who can say that the wonderful inven | tionsof Watt will not be, to a vast extent, su | perseded by those of Watson? The various other uses to which this new power can be made subservient embrace the desulphurization of coke (of which 6000,000?. worth is consumed yearly by railway companies alone), telegraph ing, electrotyping, smelting, and the manufac ture of steel. With such extraordinary advan tages and elements of success—considering that, as regards only one application of the electric power, that of illumination, no less than 11,000,- 000?. sterling are now invested in supplying gas to London, Birmingham, Liverpool, and the other cities and towns of England, it may be that the Electric Power and Color Company must, to their own enrichment, speedily revolu tionise the world of arts and industry.— London Record. The Mississippi Bonds. —The Sonthern and Western papers are exhorting Mississippi to pay her repudiated bonds, both for her own sake and that of the country, as well as in justice to the greatly wronged bondholders. They remind her that her projected works of internal im provement will require the use of some credit, and that no-body will trust her while the pres ent stain rests upon her character. It was re marked, when her reputation was first made known to the public, the time would come when she would be thankful for the privilege of pay ing her debts. She is abundantly able to pay them, and has no excuse for her delinquency, which is satisfactory even to herself. —Baltimore Sun. Divorced. —The Richmond Enquirer says that in April last, a decree in divorce from the bonds of matrimony was granted by the Court of Common Pleas of the city and county of Philadelphia, Pa., to John Tyler, Jr., Esq., from Mrs. Martha F. B. Rochelle, of Southampton county, Va. L From the Baltimore Sun.] The Crystal Palace Exhibition. On Friday, the exhibition was opened to the public, and was visited throughout the day by about 7,000 ladies and gentlemen, besides the exhibitors and those holding season tickets, and the receipts amounted to 53,639 50. Workmen are still busily employ* d in different parts of the structure, particularly in the Machine Arcade, which is, at present, only about half finished. About one-third of the exhibition stalls have been arranged, and it is thought that the exhi bition will not be complete in all its parts for about two weeks more. The total amount of space on the floor occu pied by different countries for exhibition, exclu sive of the naves, is about 152,000 square feet, of which 94,102 is on the ground floor, and 59,- 000 is in the gallery. This space is divided as follows: Ground Floor. Gallery. England 10.570 7,081 Switzerland 1,458 2,970 Zollverein 6,196 6,053 Holland and Belgium 2,916 729 Austria 1,458 729 Denmaik,Sweden and Nor way 2.916 1,315 Russia, &c ... 729 * British Guiana and West Indies 1,093 British Colonies 2,369 3,429 The total amount of space occupied by foreign countries is 98,749 square feet. The United States contributions occupy 34,555 square feet on the ground floor, and 19.945 square feet in the gallery. The total number of exhibitors from abroad are 2,605, of whom England sends 677 ; France 521 ; Switzerland 116 ; Zollverein 813; Holland and Belgium 155; Austria 100; Italy 185; Sweden and Norway 18 ; West Indies 3 ; Prince Edward’s Island 18 ; Nova Scotia 2. This list will be somewhat larger, from the fact that the local committees of Canada have not yet sent in their list of contributors, and it does not include quite a number from British Guiana. A small number of Turkish and other contributors are also to be added, making the sum total of foreign exhibitors not far from 2,700. In the United States department the number ofexhibitors is 1,178. and applications have been received since the Ist of March, amounting to over 400, which have not been acted on for want of space. The total number of exhibitors, both foreign and American, is 4,383. DESCRIPTION OF THE CRYSTAL PALACE. From the official publications of the Associa tion we compile a description of the Crystal Palace. Reservoir square, on which it is erect ed, lies at the northern extremity of the city, west of the Cretan distributing reservoir, and between that vast erection and Sixth avenue.— The Sixth avenue railroad runs directly past it; the Fourth avenue railroad runs near it; and it lies immediately in the vicinity of the Fourth, Fifth, and Sixth avenues—the main thorough fares of that part of the city. The main features of the buildings are as fol lows: It is, with the exception of the floor, en tirely constructed of iron and glass. The gene ral idea of the edifice is a Greek cross, surmount ed by a dome at the intersection. Each diameter of the cross will be 365 feet 5 inches long.— There are three similar entrances; one on the Sixth avenue, one on Fortieth and one on Forty- Second street. Each entrance is 44 feet wide, and that on the Sixth avenue is approached by a flight of eight steps; over each front is a large semi-circular fan-light, 41 feet wide and 24 feet high, answering to the arch of the nave. Each arm of the cress is on the ground plan 149 feet broad. This is divided into a central nave and two aisles, one on each side—the nave 41 feet wide, each aisle 54 feet wide. The central portion or nave is carried up to the height of 67 feet, and the semi-circular arch Dy j which it is spanned is 41 feet broad. There are j thus in effect two arched naves crossing each I other at right angles, 41 feet broad, 67 feet high |to the crown of the arch. 365 feet long; and on ! each side of these naves is an aisle 54 feet broad, : and 45 feet high. The exterior of the ridgeway of the nave is 71 feet. Each aisle is covered by j a gallery of its own width, and 24 feet from the i floor. The central dome is 100 feet in diameter, j 68 feet inside from the floor to the spring of the i arch, and 118 leet to the crown : and on the out i side, the lantern, 149 leet. The exterior of the building are ingeniously filled up witH a .triangular lean-to 24 feet high, which give the ground plan an octagonal shape, each side or face being 143'leet -4 t each-angle is an oetagonal tower 8 leet in diameter, and 75 leet high. Ten large, and eight winding stair-cases con nect the principal floor with the gallery, which opens on the three balconies that are situated over the entrance halls, and afford ample space for flower decorations, statues, vases, &c. The ten principal staircases consist of two flights of steps with two landing places to each ; and eight winding staircases are placed in the octagonal towers, which lead also to small balconies on the tops of the towers and to the roof of the building. The building contains on the ground floor 111,000 square feet of space, and in its galleries, which are 54 feet wide, 62,000 square feet more, making a total area of 173,000 square feet ior the purpose of exhibition. There aie thus on the ground floor two acres and a half, or exact ly 2 52-100 ; in the galleries one acre and 44- 100 ; total, within an inconsiderable fraction, lour acres. There are on the ground floor 190 octagonal cast iron columns, 21 t’eet above the floor, and S inches in diameter, cast hollow, of different thicknesses, from hall an inch to one inch. These columns receive the cast iron girders. These are 261 feet long and 3 feet high, and serve to sustain the galleries and the wrought iron con struction of the roof, as well as to brace the whole structure in every direction. The num ber of lower floor girders is 252, besides 12 wrought iron girders of the same height, and 41 feet span, over a part of the nave. The second story contains 148 columns of the same shape as those below, and 17 feet 7 inches high. These receive another tier of girders numbering 160, for the support of the roofs of the aisles, each nave being covered by 16 cast I iron semi-circular arches, each composed ol 4 ; pieces. The dome is supported by twenty-four col umns, which go up above the second story to the height of 62 feet above the floor, and support a combination of wrought iron arches and girders, on which rest a cast iron bed plate, so construct ed as to receive the 32 ribs of the dome. The light is communicated to the dome through the lantern, as well as from the sides, on which 32 escutcheons, in colored glass, representing tiie arms es the Union and its several States, or the emblems of the different nations, form a part of the decoration. The building is supplied with gas and water in every part. The gas is designed for the use of the police, in protecting the property by night but is so arranged that, should it be deemed ex pedient to open the building in the evening there will be ample light. The water is acces sible at numerous points, with convenience ior drinking, also for the attachment of hose, in case of fire. The general mode of erection by base pieces, columns, connecting pieces and girder.-, is the same with that of the great Hyde Park building, but the construction of the arched nave and ol the dome is of course entirely peculiar, and the general effect of the building is completely dif ferent. Armed Fishermen. —The Gloucester, Mass., Telegraph says— “ Quite a number of our fishing vessels have sailed this week for the Bay of St. Lawrence. Altogether about forty vessels are there, or on their way, belonging to this port. Some of them are armed. We shall probably begin to have news from the Bay before many days have passed.” Fashion atJWatertnc, Places. — A corres pondent, in speaking of the ladies at Saratoga, says they *' wear their shoulders bare to the low er edge of decorum.” LorcST ' ALEXANDER SMITH. The fierce exulting worlds, the motes in rays, The churlish thistles, scon ted briars, Tho wind-swept blue-bells on the sunny braes. Down to tho central firos, Exists alike in love. Love is a sea, Filling all the abysses dim Os lornest space, in whose deeps regally Suns and their bright broods swim. This mighty sea of Love, with wondrous tides, Is sternly just to sun and grain; ’Tis laying at this moment Saturn’s sidC3— ’Tis in my blood and brain. AH things have something more than barren use; There is a scent upon the briar, A tremulous spiendsr in the autumn dews, Cold morns are fringed with fire. Tho clodded earth goes in sweet-breathed flowers' In music dies poor human speech, And into beauty blow those hearts of ours, When Love is born in each. Life is transfigured in tho soft and tender Light of Love, a a volume dun Os rolling smoke becomes a wreathed splendor In the declining sun. How to Spoil a High Spirited Wife. “ What did you speak in that way to your wife for, young man ?” asked old uncle Rogers of his nephew. ” Because it’s fun to see her spark up,” replied the hopeful Benedict; “ I like to make her black eyes shine, and her round cheeks grow red as my damask rose. And it’s quite tragic the way she puts her little foot down and says ‘ s-i-r.” By the muses ! If you’d staid long enough un cle, I’d have shown you a Queen. You've no idea how grandly she tosses back he: fierce lit tle head—or with what a Dido like air she wrings those delicate hands of hers. It quite breaks the monotony of life to get up such a tempest to order. You see, uncle, one tires of clear sunshine and blue sky—and so, as I know she owns this spunky temper, I just touch it up with the spur matrimonial, and let it gallop till I see fit to reign in.” “ I’ve as good a mind to root out that sap ling, Hal, and use it over your shoulders, as L had this morning to eat my breakfast before you spoiled my appetite. You are taking the surest way to ruin a finely strung organization. Saving your pres ence, I despise the man who thus tampers with a passionate but loving spirit. Look at your wife—how delicate her beauty ! Look at your household—the very temple of taste and neat ness. The little fixings on the mantle, the fringing and tasseling here and there give a touch beyond the common to your humble fur niture. That lounge that lends so grand an air to your parlor. I had set down for no less than a fifty—when lo ! it turns out that five dollars and a woman’s ingenuity, deceived an old, ex perienced upholsterer like myself. Then look at the vines she has trained, the flowers she has planted, that lean toward her when she approaches them, as if she was their guardian angel! Why, Hal, is it possible the possession of such a being as this, tempts you to an absurdity that will surely end in destruction of your domestic happiness V’ “You are mighty serious about this little thing, uncle.” “ Serious! unfortunately I am something more —a victim to my own indulgence in a similar infatuation. You have heard”—here uncle Ro gers gave a great sigh—“ that lam not happy at home. My own fault! Every bit of it! and the old man gave mother earth a savage blow with his cane. “ If a tnan marries an angel and torments her into a fiend, who’s to blame but himself.” My wife was very handsome, and as you say spunky. There never needed to have been a warm word between us, but I liked to see her angry. I iikedtosee the delicate nostrils expand—the large bright eyes scintillate sparks of fire—but [ did it just owe too often. I know she very time that anger raised the final barrier of oppo sition, and that nice sense of right became an exacting and imperious tormentor. “And now your uncle is driven from the home of his nephew, where he hoped for peace, and tortured with the fresh opening of old wounds. “ I tell you, Hal, you will spoil your wife, you will ruin her: it’s not manly; it’s a burning shame”—and the old man’s thin lips quivered with excitement. Hal said nothing then, but when be returned - he ground his pride between his teeth, and beg- .J ged his wife’s pardon. “I’ll never taunt you for fun again, Carry,” he said in a low tone. And she replied as she hid her tearful face in his bosom— “I am ho quick, so passionate—but indeed I never begin it; and you have been so nobiethat I will try and conquer this hasty temper. But Hal,” she added roguishly, shaking her curls in his face, ‘‘what will you do for your queen ? what will become of Dido tragedy, etc.—ha?” Her husband blushed [I contend that a man looks handsome when he blushes] and a kiss sea'ed the reconciliation. To day, alter forty years of wedded life, Hal boasts that he remem bers but once making up after a storm—and that wa« away back in the honey-moon. Ever since he has had still waters and a steady voy age ; and uncle Rogers, who died years ago— peace be with his ashes—used to call Hall's home a paradise on earth. A Horrible Storv ok Destitution.— l Mis ery and Crime im Boston. —A few days ago Con stable E. J. Jones, discovered in a cellar in Still man Place, a family who were living in a state of misery incredible. Their subterranean apart ment, which was not over ten feet square, was occupied by a man, his wife and a daughter of about six years of age. The furniture of the room consisted of a miserable apology for a straw bed, impregnated with filth, and laid oti the floor in the corner of the room. There were no sheets, blankets or quilts, and the only cov ering for the occupants was a few old dresses torn into shreds. The remaining furniture of the room was a broken down table, a chair, minus a back, a broken pitcher, a saucer, and a spider. The floor was covered with filth of the most disgusting character. There was not a parcel of provisions in the house of any kind. The dress of the mother consisted of a piece of calico, in part strung together with wicking, and the little daughter had on a simple skirt, confined at the middle, and a shawl over her shoulders. The lather of this wretched group a short time since, while drunk, broke his wrist which was properly set, but the next day he got drunk, forced the bone from its place, and it not having been afterwards attended to, it had knitted together so as to deform the limb. A son of these parents is at the State Reform School for stealing, and a daughterat D er Island for the same offence. The remaining daughter was sent out by her parents to beg. If she ob tained any money it was spent for rum, both parents being drunk for the most part of the time. When the officer enteied the cellar, the little daughter had in her arms the kitten which she was pressing to her bosom. Last night the whole family were taken from this horrible den to the watch-house As they were leaving, the husband remarked to h : s wife that she had bet ter put a nail over the window or some one would be getting in and taking the things. The man and his wife who are named Maurice and Ellen Hearn, were sent to the House of Industry for six months. The child will go to Deer Is land. — Boston Traveller. Mr. Appleton’s Win..—The late Samuel Appleton, of B ston, was worth one million of dollars. By his will he leaves to his widow specific bequests amounting in value to $200,000. He makes 42 other bequests to nephews and nieces and others, amounting in all to $320,000 more; among which may be mentioned $5,000 “to his friend and pastor, Rev. Ephraim Pea body,” and SO,OOO to the servants living in his family at his decease, to he distributed among them iti the manner ai d according to proportion, to be fixed upon by his widow. He then be queaths to his executors manufacturing stocks of the value of $200,000, to be by them distribu ted for scientific, literary, religious, or charitable purposes. The residue lie also bequeaths to his relatives.