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TERMS OF SUBSCRIPTION. Daily—one year $ lO oo “ six months 500 “ three months 260 Tei-Weekly—one year 5 00 ‘‘ six months ." 250 Weekly—one year \ 200 “ six months 100 Single copies, 5 ets. To news dealers, 2 I A cts. Subscriptions mast in all cases be paid in advance. Ihe paper will be discontinued at the expiration of the time paid for. JAB. G. BAILIE. ) FRANCIS COGIN, Proprietors GEO. T. JACKSON, ) Address all Letters to H. C. STEVENSON, Manager. Joe Crews bids fair to recover. The buckshot have been removed from his back, and poker-playing may know him again. A reporter of the Atlanta Constitution has discovered an old well full of putrid corpses near the Medical College in that city.—[Sa vannah News. Is not that a capital chance, if properly managed, to restore the lost pungency of Ponce de Leon springs? Richmond Academy will resume opera tions on Monday next. Mr. Joseph T. Der ry has come back from his summer jaunt very much refreshed, and it is to be hoped that the boys, after their long holiday, will return to their books with redoubled en ergy, remembering that a good education is a fortune that no panic in the money market can possibly take away. We publish this morning a very clever article from the correspondence of the Cin cinnati Gazette, relative to the fate of New York speculators. Just now Jay Gould is the ruling power on Wall street, but it is confidently predicted that he too will at last go to the wall. It seems to be the fate of stock gamblers never to know when to stop or when to be satisfied. Cyrus P. Pershing has been nominated by the Democratic party of Pennsylva nia as their candidate fbr Governor. The platform recently telegraphed has been adopted. Somehow or other the name of Pekshing has not a Gu bernatorial sound to us; but there is no telliDg what will happen now-a-day. ’Rah lor Pershing! Sometime ago a statue of Mr. Sumner, ordered from Europe, was broken in course of transportation. The bronze figure of the immortal Stonewall Jackson, the work of Foley and gift ol Hon. Bebesford Hope and other Englishmen to the State of Virginia, has met with a better fate. It has arrived safely at Baltimore, and very soon the hero of the Confederacy will take his place beside the noble effigy of Washing ton. Judging from the platform of the Farm ers Convention of Ohio, demanding a re peal of the Resumption Act of Congress and National Banking laws, we should say that old Uncle Wm. Allen has a pietty strong following in the rural districts. No wonder Morton pocketed his bloody shirt, became dumb on the curieucy question and made months at the Pope, in utter despera tion. Old Probs records that heavy gales are likely to occur off the coast of the Middle States. If the tempest should extend as far (Southward as Charleston, there might be a chance to break up the water famine and fill the dry cisterns of that city, which has “Water, water all around. And not a drop to drink.” As we write there are some indications of possible rain in this locality, but we fear the drouth is not yet over. Mb. Derry’s letter, published in this day’s issue, rather knocks Mr. Nordhoff’s exquisite tomfoolery “higher than a kite.” The fact is, Georgia has progressed amaz ingly in wealth since Gov. Smith came into power. Mr. Nordhoff is a Republican, and it would never have done for him to make Georgia, the great Democratic State of the South, a sample of what a common wealth may become when released from Radical misrule. Perhaps Mr. Nordhoff meant to tell what he conceived to be the truth, but his prejudices got the better of his judgment. At all events, he contrived to make out a case which will not square with the truth of history and statistics. From all accounts the cotton crops of Texas and Alabama will be very large. From the Mississippi Valley, exclusive of the laud inundated awhile back, the yield of the staple has been enormous, and it is only a question of ability to pick out what has been made. Persons who have reviewed the whole field, allowing for the good and bad condition of all localities, preiict that a dry season at this time and late frost will stiffen the bear estimates of a crop exceed ing 4,000,000 bales immensely. The fact seems to be that, as usual, the planters have made too much cotton to hope, in the pre sent stringency of the money market and panic among mill owners, for high prices. But we shall see what we shall see. We visited the city (Augusta) in the In terest of the advertising columns of the Sentinel, and while there enjoyed the hos pitalities of our friends of the quill of both the Constitutionalist and Chronicle and Sen tinel. The former has recently appeared in an entire new dress, which reflects greqt credit upon the typographical skill of its compositors. Messrs. Randall and Stevenson, the editors, have brought the paper up to that standard in journalism which renders it one of the most promi nent as well as popular in the Southern country. Its principles are firm and un shaken ; it has maintained its independent course all through the severest trials of journalism, and is now a paper that should properly be in the household of every son of liberty. The Chronicle and Sentinel, which is an old and firm journal, is crowned with confidence, and reaches the homes of near ly all Georgians and Carolinians. -Barnwell Sentinel The Chairman of the .Democratic Execu tive Committee of Mississippi completely punctures satrap Ames’ bloody yell for United States troops to quell an insurrec tion that does not exist. If Grant issued proclamations and sent tro ips every time a local row occurred in this country he would have his hands full of orders from Indiana, Pennsylvania, Illinois and other loyal States. We are glad to see t‘hat the President has grown wiser since the Louisiana affair, and propeny distrusts the titled scoundrels who have been dressed in a little brief authority by the deviltry of reconstruction. Attorney General Pierre pont, who has stigmatized the reconstruc tion acts as the greatest blunders and crimes of the XIX Century, is a different order of man from Mr. Williams, and we may n >w look for an amount of prudence on the part of the Administration which was. a little while ago, foreign to it. One of the ludicrous features of the Mis sissippi embroglio is the frantic effort, on the part of such fragments of the Govern ment as were within hail of each other, to find the Secretary of State. Until yester <lay, nobody could tell what had become of the Secretary of State. The President, his private Secretary an 1 the Attorney Gen eral were angling in troubled waters to catch their lost Fish. It is true that he was all the while blissfully reposing at his country seat, amid all the hurly-burly, and desperately annoyed, no doubt, that Ben Butler’s son-in-law should attempt to spoil his digestion by inflammatory appeals to the worst Government the world ever *miw. It looks odd for a Secretary of State lo leave Washington and never let anybody know his address. But as Grant declared iiis policy was to drift, perhaps this benevo lent jld FrsH wisely determined that it might drift and be hanged for what he pared. @lj£ Constitutionalist Established 1799. AMES’ PA( HALIQUE. GREAT CRY AND LITTLE WOOL. A Batch of Telegrams—Flat Contra diction of a Governor’s Lies—“ Order Reigns in W arsaw.” Jackson, September 10.—The'follow ing dispatch was sent to the United States Attorney General to-night: To Hon. Edwards Pierrepont, Attorney General of the United States: There are no disturbances in this State, and no obstructions to the exe cution of the laws. There has been an unexpected conflict at a political meet ing and some subsequent disturbance, but everything is quiet now. The Gov ernor’s call for United States troops does not even pretend that there is any insurrection against the State govern ment, as required by the revision of the United States statutes of 1875, pages 10 to 34. Peace prevails through out the State, and the employment of United States troops would but in crease the distrust of the people in the good faith of the present State govern ment. [Signed] J. H. George, Chairman of the Democratic State Executive Committee. Washington, September 10.—The At torney General to-day telegraphed to Governor Ames requesting information regarding the present condition of af fairs in the recently disturbed por tions of Mississippi, and is now expecting a reply. A dispatch has been received in response to the telegram from the Attorney General inquiring as to the wherea bouts of Secretary Fish, announcing that that gentleman is at his country seat on the Hudson, and that he will meet’ the Attorney General at any point he may designate to confer upon the subject of a proclamation. To this telegram the Attorney General replies, informing the Secretary of State of his telegram of this date to Gov. Ames, aud delaying the proposed conference until after a reply to that telegram shall have been received, the character of which, it is judged, may be such that no further action will he necessary hp the general government. Washington, r eptember 10. —A tele gram has just been received by the Attorney General from the Sheriff of Hinds county, Miss., reporting that perfect peace prevails throughout that county. The peace officers are not prevented from executing the legal process, and good citizens, the Sheriff telegraphs, will aid him in the discharge of his duties if needed. The Attorney General expressed the opinion that the difficulties are at an end. He still awaits a response to his telegram of this morning to Gov. Ames. THE NORTH CAROLINA CONVEN TION. Important Ordinances Introduced — The Democrats Controlling Every thing—A Harmonious Session. Raleigh, N. C., September 10.—The Convention commenced work to-day in earnest. Standing committees were appointed by the President. About 125 ordinances were introduced to amend the present Constitution. The princi pal ordinances introduced and referred were to reduce the number of Supreme and Superior Court Judges, and D be appointed by the General Assembly in stead of elected by a popular vote; fix ing the pay of members of the General Assembly at 8300 per annum ; reducing the number of county commissioners ; fixing the term of Governor and State <fficers at two years, instead of four ; providing for non-suspension of the writ of habeas corpus ; for separate schools for white and black child :en ; modifying the appointing power of the Executive; fixing salaries of Govern ment and State officers ; abolishing the Senate braneh of the Legislature ; pro hibiting convicted felons from holding offices or sitting on juries ; providing for the compromise of the public debt, etc. The only resolution introduced hy the Republicans was one for ad journment sine die, which lies over un der the rules. A majority of the com mittees are Democratic, with the ablest men of the convention as chairmen on the most important. The session was protracted but harmonious. FROM WASHINGTON. Revenue Changes—Naval Intelligence Washington, September 10.—Changes in internal revenue supervisors have been made as follows: Supervisor Hawley has been transferred from New York to San Francisco, relieving Super visor Foulke, who is ordered to Rich mond ; and Supervisor Sewall, now on duty at Richmond, is to perform duty at New Y'ork. Dispatches have been received at the Navy Department from Captain E. Simpson, commanding the United States steamer Omaha at Panama, de tailing at length the condition of affairs there, as already published in the press reports. He says he did not request the American Consul at Aspinwall to prohibit the landing of the 500 rifles purchased for Bolivar, but, on the con trary, sent the Consul the following dis patch : “Consider whether it will be a proper act for you to see that those arms are not allowed to be diverted from their original destination ; or, if that cannot he prevented, then consider if. you have not the power to prevent them from being landed, subject to instructions from Washington.” Subsequently a conference was held between Capt. Simpson and our Consul at Aspinwall, and it was decided that the Consul had no right to interfere with the landing of the arms, and this ended the question. CRIMES AND CASUALTIES. Arrest of Counterfeiters—Cattle Dis ease in New York—Destructive Storm in the Northwest. Cincinnati, September 10.—A special dispatch from Decatur, Alabama, re ports several prominent persons were brought there charged with dealing in counterfeit money. The counterfeits consist of Traders, Paxton and Canton, Illinois, Nautional Banks—fifties and twenties legal tender and fifty cents. Kinebeck, N. Y.—A fatal cattle dis ease prevailed among several droves of cattle near Ancreal lead mines. Nearly all are dead. It is thought to have been introduced by Western cattle. Chicago, September 10.—Accounts of accidents caused by a terrific thunder storm in the northmest, for the past 48 hours, are numerous. Several acci dents occurred on Lake Michigan. Three yachts and one schooner loaded with lumber were sunk, and a large number of smaller craft capsized. The bark Tanner foundered in attempt ing to enter the port of Milwaukee. The Captain was drowned. FOREIGN DISPATCHES. Opening of the Servian Parliament— The Pope as a Peace-Maker—Dis tinguished Compliment to Cardinal McCloskey. Belgrade, September 10.—The for mal opening of the Servian Skuptchina took place yesterday. Prince Milan in his speech referred, but in indefinite language, to the troubles in Bosnia and Herzegovina. He said he relied on his people’s support in serious tasks im posed by the grave crisis. Vienna, September 10. —It is reported that the Pope has instructed Catholic Bishops in Bosnia and Herzegovina to use their influence in calming the peo ple and to faciliate the pacification of the provinces. Rome, September 10. —A deputation in behalf of American residents, both Catholic and Protestant, visited Cardi nal McCloskey and presented him, as a token of esteem, the complete Cardi nal’s dress and a mitre set with preci ous stones, together with an address expressing their good wishes and ven eration. Pigtail Perplexities—An English Steamship Line Collapsed. San Francisco, September 20.— The City of Tokio has arrived. Judge Richardson, of the United States Court of Claims, and Commis sioner Lewis, of the steamer Yantic, were arrested while walking within the treaty limits of Yokohama. The act was disavowed by the government at Yeddo, apologies made and offenders punished. Telegraph attaches were attacked by a Chinese mob at Foo Choo. London, September 10.—The financial article of tbis evening’s Echo contains the following paragraph: “It is stated that the State line Steamship Company is in danger of a complete col lapse. The Directors aud the committee of the stockholders have concluded that any attempt to carry on the company by borrowing money is hopeless and that the only means of averting the total loss of what re mains of the capital is to continue the line by tho formation of anew com pany. They propose to offer their seven ships, which cost £4(12,000 sterl ing, for £255,000. They recommend the shareholders to allow the value of the stock in trade to be transferred to the new company, and also to apply for a considerable amount of the pro posed supplementary capital, believing that the winding up of the company at this time would result iu a total loss of the capital invested.” Cuban Complications—Valmaseda as a Reformer. Havana, September 10. —Captain- General Valmaseda has made impor tant changes in the municipal govern ment of Havaua. The powers of the Mayor have been restricted. The chief of police, and is ordered to report directly to the Captain-General. The battalion of civil guards have been relieved from police duty in part, and a battalion of veterans from various regiments will take their place, doing duty conjointly with the city police. The Acting Mayor, the Marquis of Bella Vis ta, has resigned. A report is cur rent that the Mayor Zulueta, who is on leave of absence on account of ill ness, has sent a protest to Madrid against these changes. The headquar ters cf several divisions of Spanish troops in insurrectionary districts have been removed from country seats to points on lines of railroad. President Gonzales, of San Domingo, has suppressed Dos Antiniles, a news paper of Puerta Plata, published in the interest of the Cuban insurgents. FROM FALL RIVER. Resumption of a Mill —Great Distress Among the Strikers —Extraordinary Plan for Raising Wages. Fall River, Mass., September 10.— The Phillip mill is 'running to-day. It experienced no trouble in securing non union help. The mass of operatives are evidently anxious to return to work at reduced raten, but are con trolled by uu on men. There is con siderable suffering among the strikers. Affairs are rapidly approaching a cli max. Manufacturers are inflexible, but would open the mills if the operatives would insist on no proviso. The organ of the operatives says : “In our judgment, the operatives would make their point if they would return to work, leaving the wages ques tion in tho hands of a committee, and then induce 40,000 operatives of Rhode Island to take a month’s vacation. Fol lowing close after the shutting down of mills in this city, such a movement could hardly fail to put up the price of cloth. With cloth advanced to rates that would pay good profits there can be little doubt that if help then asked for a restoration of 10 per cent, they would not be allowed to come out on a strike. POLITICAL. m Nominations of the Pennsylvania Con vention—Ohio Farmers Demanding tlxe Repeal of the Resumption Act and National Bank Law, Erie, September 10.—Cyrus P. Persh ing was nominated for Governor on the 11th ballot receiving 145 votes. The nomination was made unanimous. The platform as telegraphed in last night’s late report was adopted. Victor E. Piolette was nominated for State Treasurer on the third ballot. Adjourned. Cincinnati, September 10. — The Farm ers Convention adopted a platform de manding an immediate repeal of the Resumption Act of 1875, repeal of the National Banking law aud that Govern ment shall supply national paper di rectly. A Tight Squeeze in New Mexico. Santa Fe, September 10.—Later re turns for delegate to Congress reduce Elkins’ majorities to such an extent as to leave the result in doubt. An offi cial count will be required. STONEWALL JACKSON. Arrival of the Bronze Statue of the Great Commander—-It Will he Placed hy the Side of Washington's Effigy. Baltimore, September 10.—The steamship Nova Scotian arrived at this port yesterday evening from Liverpool. She biought Foley’s bronze statue of Gen. Thos. J. Jackson, the famous Con federate leader, presented to the State of Virginia by Hon. Beresford Hope, M. P., and other English gentlemen. The statue cost 840,000 and will be erected in the Capitol Square at Rich mond, Va., near the equestrian statue of Washington. Milwaukee, September 9.— The Union Lumbering Company, of Chippewa Falls, suspended. Liabilities, 8650,000. AUGUSTA, GLA_., SLATTJRDA.Y, SEPTEMBER 11, 1875. —< NEW YORK SFI JLLATORS. THE WRECKS OF THE GREAT PANItj. ft The Horde of Stock! Gamblers Who Fatten on lullatioii—How Country People are Induces to Try Their Chances—The Futuijj; of Wall Street Operators. j? [Special Correspondence! 4 the Cincinnati Gazette! New York| September 4. The first autumnal rr|>nth opens amid suicide, drowning, murjer and financial woe. Yet even this nel l not cause ex cessive fear. Such things have always been a part of human!experience. It is a curious fact tiat wo such great failures as that, of Dunlan, Sherman & Cos. and the Bank of Cjlifornia should have only affected a ftl-v stock jobbers and speculators . but a| long as money can be borrowed at thejateof from I}., to 3 per cent, per annui|i a panic is im possible. The Duncan,iSherman & Cos. concern was thoroughly corrupt both in morals and money. -They have been insolvent for two yearsland have only been kept afloat by thi; Sale of their own paper, and yet during all this time they maintained the fuif routine of a luxurious life. Oulv lajjtt year William B. Duncan ordered a! carriage from Paris at an expense of 1.0,000 francs— equal, with exchange find duties, to about 82,500. Butler’s family is small, yet he had seven carriages and a goodly number of horses. Tojkeep up his es tablishment alone must jiave cost 83,000 a year, which was doutle Watts Sher man’s salary when he w*s first appoint ek cashier of an Albtjny bank. The cost of these horses anG carriages was not less than 820,000, ai|d they did well to bring at auction one-quarter of that sum, 5 Other Fail tires* Lee, Shepherd & Cos. I' the first pub lishing house to go ulder in several years. Indeed, there| has been no failure worth mentioning' in this line iu Boston since that of Ptf,flips, Sampson & Cos., more than twenty years ago. It is only a matter of surprise that fail ures have been so rarj in this branch of trade. Union A darr|; has been con sidered a very successful man. He has been iu the hosiery tlade for thirty years, and from a smajl beginning he built up a wholesale concern, and be came a director in a popular bank. It is probable that his misfortune is due to speculation. This Elat the bottom of most failures, though often con cealed. It ruined Duncan, Sherman & Cos., aud also the Ban I’ of California, and no concern can be iso well estab lished as to be proof jagainst its in- i sidious influence. ; Glance at thejPast. Speaking of speculation iu connec tion with the failures referred to re minds one that it is ;fist two years since the great panic. What social and financial revolutions ha|e been accom plished during this interval? The panic was brief, but its! consequences are still felt. The irmiLdiate victims were Wall street operators, who were of little value, but sicci then the dis ustrous effects have slread far aud wide. | It may be observed tfcut Wall street speculators are a shyrt-lived class. They soon wear out uue’.e 1 ' the excite ment of their incessant Jrisks, and few live past their fortieth! year, but the vicissitudes of speculation are so rapid that few men are here ijjuud past that period iu life. { New Croi|. Since the great panic anew set has appeared at the Stjck Board, for that brief period of ruitj cleaned out a large number of operator in a hopeless manner. It may also lj*. said that be tween the close of the vlar in 1865 and the great panic (a period!of eight years) another class til operators passed away, so that within ien years Wall street has seen two generations of speculators, almost all i>f whom have been finished in healtlf and in purse. The war created a hordl of stock gam blers such as the country had never dreamed of. During tllree years they had uninterrupted swly, and their profits reached fabulcjis sums, but their dazzling success Fas as evanes cent as the mirage, ajid they were stripped before they ct* ild realize it. When they came to thiir senses they were like men recovering from some bewildering dream. i'he vision of wealth was gone and hs,d not “left a rock behind.” By-Gone Navies, This mushroom arrajif of stock-job bers was almost unknown until the in flation created an irresistible advance. They took the. tide at gits flood, and were swept on to fortunl, and then the ebb of the same tide carried them back to the place of starting! One of these men of temporary notoigety was Leon ard Jerome. There arelthree brothers who came hither from IWestern New New York, but Leonardos the only one who became suddenly Jiich. He ope rated boldly, and made! money as by a charm, and this he spelt like a prince. His livery was the mostjshowy in the street, and his was a palace. He had the impudence 1p offer Prince t<Jfi College an endowrlent of 83,000, whose interest was to btla prize for tho most gentlemanly studjjut. This was of course declined. The;B3,ooo he now needs for his own use. ?he day of dis play is past, his drean of wealth is over, and he is now livii g on his wife’s property. Another half forgot on speculator was Anthony Morse, lie came from Vermont, and, after serving as a clerk in a broker’s office, he Istablisbed the firm of Morse & WolfeJ This was in 1859. When the war bn*ke out he saw the effect of iufhu ion, at 1 commenced a wild career of sp culation. His schemes were so bold as to attract im mediate attention, and the amazing success which followed them seemed to prove an irresistable *enius. For a year his name was tho li tding star of Wall street, and crowds iiuug upon his sayings. Orpliic Uttera ices. Morse assumed the attitude of a prophet, aud would say >~o Ids friends, “boys, follow me, I’ll |nake a million for each of you.” Asa matter of course all followed him who iad money to risk and nerve to risk itf Morse mar ried the daughter of Jail Cady, a baok president living in Schenectady, and drew a large number l|om that place into his echeme. He livgd in a grand establishment at State*. and owned a yacht in which |t one time ho crossed the ocean and leturped, His success led him into t. g|rand specula tion in Ft. Wayne, wbosf stock he ran up to 140, but a sudden collapse crush ed hie bubbles, and bothlMorse and his crowd suddenly found themselves poor. The meanness to whicji Wall street sharks will descend was! illustrated by the history of this unprincipled fellow. While at Chicago he borjjowed 8500 of a young woman—an old? acquaintance —who had it laid up aiainat a rainy day. Of this she never got a copper. I can mention a preacher who had 85,000 drawing 7 per cent., and who was told by Morse that thrice that rate could be made on Wall street with per fect safety. The preacher called in his mortgage and placed the amount in Morse’s hands, which was the last he saiv of it. Had that sum been con tinued at 7 per cent., it would by this time have doubled. Morse was ruined in purse and health by the excitements of Wall street life, and he died iu this condition before he had passed forty. Another Wreck. Le Grand Lockwood, like Morse and Jerome, was a Wall street magnate during the inflation, and, like the former, died bankrupt. He came from Connecticut aud became a bro ker’s clerk, and entered business in time to take that leads to for tune. In those days to make a million seemed “as easy as lying.” To such men as Jerome, or Morse, or Lockwood a million was but a trifle. While the first of this trio had his Fifth Avenue palace and his four-in-hand equipage, the latter built in Norwalk the liuest country residence which up to tiiat time had been seen in America. But, as in other instances, the dream sud denly terminated, and Lockwood awoke one morning to tho fact that he was “le grand” no longer. His splendid picture gallery went to auction, with the exception of Bierstadt’s Yosemite Valley, which has been offered at pri vate sale at 810,000, this being its cost. Lockwood had been treasurer of the Lake Shore Road, aud proved a de faulter to the amount of 8600,000. The company took the country seat and are ready to sell it at one-third its cost. Incidents Since the Panic. The great panic of 1873 cleared out great numbers of old brokers, and their places have been supplied by the crowds of young men who are pressing into the money market. Since then it has been difficult to organize any gen eral movemeut for the advance of stocks, the only exception beiug the Union Pacific. The general tendency has been toward depression, and heavy sums have been sunk by purchasers oi‘ fancy stocks. The present method of operation is by inducing country people to try their chances, the temptation being increas ed by the convenience of the sum men tioned. Send 8100 to tho adver tising broker aud lie will buy for you a “put” or a “call,” as you may desire ; or, if you prefer, he will invest it for you according to his own judgment. All this sounds very fair. I would, however, advise all who make such remittances to Wall-street men to take a good look at their money as they are not likely to see it again. There are multitudes of ) T ouug men in the country who are influenced by these advertisements. They want to try Wall street, and that is the last of it. lam well assured that thousands of dollars are sent iu daily in this man ner. Few animals are more easily gulled than man, and I am continually meeting those who have been duped by Wall-street sharpers. The Future. The immediate future must be a pro longed stagnation among speculators, while what are called “investment stbek” will be in continual demand. Just now, however, it is difficult for any man to tell what are investment stocks, because dividends are often de flated in order to keep up a stock, while the money with which they are paid is borrowed,for that purpose. The most reputable stocks on the list are in the hands of peculating directors, and the stockholders are completely at their mercy. Jay Gould now lias con trol of Pacific Mail, Union Pacific, Erie, and the Western Union Tel egraph. Other leading men have their special fancies, and whoever purchases such stocks must remember that iu do-- ing so he places his funds under the control of some other master than him self. Gould will continue supreme in Wall street until some more successful rivtl shall expel him from his present elevation. This has been the universal experience, and Mr. Gould’s wealth ami talent—great as each may be— car. not render him exempt from the vicissitudes of fortune. Kinckerbocker. BANK OF CALIFORNIA. Mr. Ralston’s Assets $2,000,000 in Ex cess of liis Liabilities—Subscriptions to the Syndicate Aggregate $7,000,- 003—Transfers of Gold to San Fran cisco. New York, September 6. Tie Herald has a long dispatch from San Francisco dated the sth, in which the lorrespondent says : “The assign men by Mr. Ralston of his property to Mr. Sharon, on the morning of his death, will cover all his indebtedness in every direction, and leave to his famly about $2,000,000. The indebted ness charged against Mr. Ralston was lot only personal, but that which has grown out of aid which the banli has openly given in the way of loan! to industries throughout the Stati, and which are worth infinitely tnort than the indebtedness to the bank A meeting of the friends of Ralaon is called on Wednesday even ing, n the largest hall of the city, with a view of defending him against the charges of the Bulletin and Call. I am told ;hat D. O. Mills wants to stop the meetng, for, if if it proceeds, the Bul letin threatens to expose him as the autlnrity who furnished them state menfe against Ralston’s administration of tie bank affairs. All the other Di recto's of the bank are willing that it shoud take place. “Tie subscriptions to the syndicate organized for the control of the Bank of California, aggregates nearly $7,000,- 000, nitli favorable prospects of its m creass to $10,000,000. Jn addition to the descriptions, all subscribers will give t their business, and most of themwill make deposits from $50,000 to SIO,OOO in gold coin at once. The bank tas now $1,008,000 in the vaults. Sharci will deposit $1,000,000; Keene, $400,00, and a large number of brokers and ojerators from $50,000 to $1,000,000 each. There are assurances that on the day o the opening the vaults will con tain font $3,000,000 to $5,000,000 iu gold. Theseiuducemeuts offered to the syn dicate would probably never have movei capitalists who are rushing to the a3istance of the Bank of Califor nia, w>re it not for the fact that men who leal in great wealth here are afraid of any one bank ever getting the ecptrol that was once in the man ager *f the Bank of California. Fi naneettnd commerce will be healthier when divided between the Bank of Califonia and the Bank of Nevada, soon bbe opened. The Bank of Cali fornia will resume business between the 15h and 20th.” Kintuess is not rare ; gratitude is. If the latter were more common the formejwould be so. NOTES OF TRAVEL. Gainesville—Gen. Longstreet’s Recep tion—“ Tlie Greatest of These is Charity’’—Prosperity of the Town- Win. D. Martin—A Singular Charac ter —A Bird’s Eye View of a Sum mer Jaunt. [Correspondence of the Constitutionalist.] Athens, Ga., Sept., 9, 1875. After transacting the business which carried me to the towns along the West ern & Atlantic Road and to the busy little city of Rome, I turned my face southward and after a pleasant ride through the valley of the Etowah aud down the State Road I reached At lanta, the energetic and enterprising “Gate City” of Georgia. I had long desired to see for myself the grand and beautiful scenery-of Northeastern Georgia, so I resolved to visit the places of interest along the “Air-Line” and in its neighborhood. After a ride of two hours and a half from Atlanta I reached Gainesville my first stopping place. I put up at the Richmond House where I was pleased to meet several friends from Augusta. After tea I went into the parlor to talk with Mrs. Both well and Mrs. McCord, of Augusta, and was by them introduced to several other ladies, among whom was Mrs. General Longstreet, whom I found to be quite a favorite with the ladies j of the house, and deservedly so, i for she is intelligent and amiable, pleas- ■ ing in her manners and interesting in j her conversation. During my stay in j Gainesville I also became acquainted with Gen. Longstreet. He has pur chased property iu the town and in tends moving there with his family. He is a fine looking man and his con versation quite entertaining. On Sun day night, with some other gentlemen, I sat upon the piazza of the hotel listening to the General’s account of some of the important events of the war, and we were so entertained that ! midnight came upon us before we were j aware of tlie lateness of the hour. 11 found that the people of Gainesville j were disposed to give Gen. Longstreet a cordial welcome to their town, and that while regretting his course since the war, they believe that he has been much maligned and that, if he would, he could give such an explanation as would cause his former frieuds and admirers to look upon him in a differ ent light. However this may be, one thing is certain ; and that is, that dur ing the long aud bitter struggle for Southern independence Gen. Long street was one of the bravest and most faithful, and that he battled for the cause when the most hopeful despaired and when there was no chance for success, unless by some great aud sur prising miracle. Some of his best friends think'it a pity that fie did not, like his great commander, abstain en tirely from all connection with polities, aud thus preserve the love of all the Southern people, in whose behalf he fought so heroically, and iu defense of whose cause he made so glorious a record. The people of Gainesville are very hopeful of the future of their town. By way of showing a reason for the faith that is in them they point to th.e great progress made since the comple tion of the railroad. Mr. P. F. Lawshe, the editor of the Southron, told me that the value of town property had in creased from 886,000 to 8880,000 ; that the trade of the towu, which formerly amounted to 830,000 annually, was now estimated at 8600,000 ; that the assess ment of the county had risen from 8750,000 to 82,200,000 ; that the receipts of cotton had increased from 8 bags to 5,000. He also stated that during last year 300,000 dozen eggs, 168,000 chick ens and 68,000 pounds of butter had been sold in Gainesville. Since the building of the railroad the population of the town has increased from 350 to 2,500. At Gainesville there is an ex cellent academy, presided over by Prof. G. C. Looney. On Monday morning I bade adieu to Gainesville and started for Toccoa City, which -place I reached after a hot and dusty ride on the accommodation train, for the discomfort of which I was amply repaid by the fine scenery. In the afternoon I visited Toccoa Falls. On Tuesday I rode out to Tallulah Falls, where I spent nearly five hours. 1 know of no place where one could spend a month more pleasantly than at these Falls. The people of Middle and Southern Georgia have read so much about them this year that I will not attempt a description. It is sufficient to say that I was charmed with the beauty of Toccoa and the grandeur and majesty of Tallulah. Yesterday morn ing I loft Toccoa City, where I had spent two nights and part of one day very pleasantly at the Davenport House. At Gainesville, I took the hack for Athens. The hack iu this case, how ever, was a buggy, which goes through to Jefferson, making connection there with another “hack” of the same sort, Jefferson is rather a dilapidated little village, but boasts au excellent school called the Martin Institute, so named after an eccentric old bachelor, Mr. Wm. D. Martin, who lived in Jackson county several years ago. This old gentleman willed all his property to citizens in Jackson county, although he had many relatives in Virginia ; for he declared that where he made his money, there he meant to leave it. He left $15,000 to the academy which bears his name, and to the Methodist Church he bequeathed $5,000. He also willed SSOO apiece to every girl iu the town of- Jefferson between the ages of sixteen and twenty. The relatives iu Virginia tried to set the will aside, aud employ ed the Honorable Howell Cobb to con duct their case. Ou the other side was employed the Honorable Thomas It. It. Cobb, who came off victor in the case, and the old gentleman’s will was car ried out to the letter. One of the ec centricities of Mr, Martin was the writ ing of his own epitaph, which in his will he ordered, to be placed upon his tomb. The epitaph is as follows : Remember, friends, as y> u pass by. That as you are, so once was I, That as 1 am so you shall be; Prepare for death aud follow me. All of this information in regard to Mr. Martin I received from Mr. Nich ols, the gentleman who drove the hack from Jefferson to Athens. My trip across the country, though hot and fa tiguing, was a pleasant oqe. The corn and cotton looked well, and hands were busy in the fields gatheiiug the fodder and picking the cotton. At half-past four in the afternoon I reached this charming city, which I leave this morn ing, homeward-bound. Before closing this letter I wish to bear testimony to the hospitality of the people wherever I have been. This hospit dity met me in the very beginmng of my journey. When I fetched Marietta I left my baggage at the Kenesaw House, in tending to stop there during my stay in that city. But during the morning I met Mrs*. Root, the daughter of Mr. John S, Wright, of our city. This lady New Series—Vol. 28, No. 33 was a friend of mine from early child hood, and gave me a cordial invitation to make her house my home during my stay in Marietta. Soon after I met her husband at his store, and though I was a stranger to him he also invited me to his house as the friend of his wife. I accepted the invitation, and never did I enjoy a visit more. At almost every stopping place I received similar invi tations, and sometimes from strangers | with whom I had had but a few minutes conversation; and though I could not always accept these invita tions, it could not but be gratifyiug to me to meet such attentions away from home. I relate these circumstances merely to show the hospitality of the people of Georgia. The only thing that gave me pain during my travels was the neglected appearance of the Confederate cemetery at Marietta, and this, I think, is due more to the want of well organized effort than to the lack of love for our hero dead. Wherever I have been in the country and in the towns I have seen evidences of prosperity, thrift and enterprise, and have fouud among the people in telligence, refinement and hospitality. My trifx through Northern Georgia has convinced me of the truth of what I already believed, that within the lim its of our own great State may be found all that man could wish in this world, and that no citizew of Georgia need go beyond her borders to seek wealth, health or happiness. J. T. Derry. I see in my published letter from Marietta that through a typographical error I was made to state the popula tion of Marietta to be nearly ten thou sand. It should have read three thou sand. J. T. D. A “ Johnny Reb.” in Pennsylvania, [New Orleans Picayune.] A few days ago a group of old Con federates were sitting on one of the galleries of a favorite lake shore wa tering place spinning yarns of personal adventure during the “Revolution.” After several had been spun out it came the turn of a quiet aud demure gentleman, who had served with one of Louisiana’s best regiments in Lee’s army, and with that army had invaded Pennsylvania. “You see,” said he “we crossed the Potomac, aud thought we would have a nice time helpiug our selves to buttermilk, chickens, aud such things that had played out com pletely in Virginia; but the very first day after crossing, the Adjutant of our regiment read to us Gen. Lee’s order agaiust pirouting, and threatening se vere puuishment to any officer or pri vate caught depredating upon the peo ple. We thought it was rather hard cn the American citizens, but we said old Massa Robert knows best, and, if he says ‘pay as you go,’ why, we will do it -in Confederate money. “It was near Greeneastie when I and two comrades of my mess straggled and brought up at a neat farm house, where there was every evidence of plenty in the eating line. We were met at the door by a very matronly lady, as neat and tidy as possible. ‘Ah!’ we said to ourselves, ‘we are in luck; now for a square meal.’ We doffed our old gray kepis and entered the house and piled our rifles iu a corner. ‘Madam,’ I said, ‘we are, as you know, Confeder ate soldiers, and consequently hungry; cau you get us up a good old-fashioued meal —something that will remind us of home, as it were, ‘Home, Sweet Home,’ where you probably wish we all were just at this time?’ The old lady declared there was not a scrap in. the house; all had been sent away upon hearing that the ‘Rebels were com ing to rob, burn and steal.’ We remonstrated; we said, why, Madam, we came here to fight men, not to molest women or steal their bread. That’s what old Robert says,- and we stick to it. We are going to pay for everything we get. Even this announcement that we had returned to specie payment would not move her— there was ‘nothing in the house, abso lutely nothing.’ My comrade, Wilson, a father of a family down in Rapides, had devoted himself as soon as we had entered the house, to playing with a little baby in the cradle. He now arose and said ii*the politest manner possi ble, ‘Have you auy salt ?’ This evidently regarded as a queer ques tion, and she replied, ‘Oh, yes ! I nave salt; but 'what under the sun do you want with salt, having nothing to eat?’’ ‘Oh, well,’ says Wilson* ‘bring the salt,’ and a bag was at once produced Wilson very demurely carried the bag to the cradle, turned down the infantile bed-clothing and proceeded to rub right then and there, that baby, all over its back and front, and all. Meanwhile the rnatrou, standing with eyes wide open, watched the operation closely. Finally she exclaimed: ‘Goodness sakes, what are you doing with the baby ?’ ‘Oh,’ says Wilson, quietly, ‘you have nothing in the house to eat, we are hungry; we came from a long ways just to see you; we must eat, and when this baby is salted sufficiently we are going to eat him. It is needless to add that in a remarkably short space of time that baby was ransomed by as line a dinner being served as ever graced the boards of a Pennsylvania farm house.” FROM NEW*VORK. Cable News—Death of Judge Wood ruff. New York, September 10.—After the 15th inst., cable rates on the Anglo- Americau Liue will be a shilling a word from points east of New York to Eng land and France. • The Direct United States Cable Com pany open business on the 15th. Tariff rates have not been completed, but it bus been decided that the name of the place from which messages originate will be transmitted free. Louis B. Woodruff, of the United States Court, is dead. Sporting News, Lexington, Ky., September 10.—First race, two miles for three year olds, was won by McGibben’s b. f., by Imp Leam ington; time, 3:40>.^. Second race, one mile, colt and filly stakes for two year olds, was one by Vagrant, Cleminie 21, The Nipper 3d; time. I:4s*^. Third race, three-quarters of a mile, was won by Egypt, Gyptis 2d, Redman 3J; time, — . ■ '' “If idleness be the root of all evil, then matrimony is good for something, for it sets many a poor woman to work. Spurgeon is described as a “burly, almost gross, intensely magnetic, apos tle of the people,” He seems clear headed, tender-hearted and pure souled, Josh Billings remarks: “The only way to git thru this world and escape ceusure aud abuse* is to take sum back road. You kant travel the main turn pike and do it.” To do good is easy. To abstain from doing harm is difficult, To Advertisers and Subscribers. * | On and after this date (April 21. 1875,) all editions of the Constitutionalist will be sent free of postage. Advertisements must be paid for when han ded in, unless otherwise stipulated. Announcing or suggesting Candidates for office, 20 cents per line each insertion. Money may be remitted at our risk by Express or Postal Order. Correspondence invited from all sources, and valuable special news paid for if used. Rejected Communications will not be re turned, and no notice taken of anonymous letters, or articles written on both sides. LETTER. FROM COKESBURY. New Cotton Mill at Erwin’s Shoals— Shoe Factory and Tannery at Hod ges—Lucubrations on the Late Troubles in Georgia—Blue Ridge Railroad—Hot Weather, &c M &c. [Regular Corresp. Constitutionalist.] Cokesbury, S. C., September 8. According to previous announcement a large crowd of Grangers, with their wives and children, assembled at Erwin’s mills, on the Saluda river, on September Ist, for the purpose of dis cussing a plan for the erection of a cot ton mill at that place. After numerous expressions of opinion and the delivery of several speeches the subscription books were opened. Thirty-five thous and dollars were quickly subscribed and the project assured. The friends of the enterprise do not doubt their ability to increase the amount to double that sum. The shoals at this place are well adapted for the purpose. There is plenty of water power, sufficient for any amount of machinery. The only drawback is the distance (some six miles) from the railroad. The Grangers are also getting up stock subscriptions for the purpose of erecting a large shoe factory at Hodges’ Depot, on theGreeneville and Columbia Railroad. About $2,500 has already been subscribed. Aid has also been promised by some largo manufacturers in Lynn, Mass., who propose to sub scribe machinery as well as money. This manufactory, with a large tan yard attached, will be on the co-opera tive plan, and it is hoped it will prove successful and the beginning of several more upon this plan. It is a hopeful sign of more prosperi ty and better times to see the South engaging in these enterprises, besides furnishing the necessary capital from her exhausted stores. We have in vain made the cry that the South needed capital, and appealed to the North to come among us and develop the rich mines of wealth at the South. They complacently hear our cry, and say tiiescheme looks well, “Itis true we have the money and are anxious to make an investment, and would gladly come South but you have such an odi ous government we are afraid.” What an insult to the South! Who made our government odious ? who created it ? Who besides the North, and they are ashamed of their own acts. Many are even now disappointed at the result of the late insurrection in Georgia. It has been a sore surprise that her people have respected law and order under the most trying provocations. The New York Tribune has said, “However quiet the South may be, in the language of the hypochondriacal patient in the play, the Ku Klux again lift their frightful heads ; Rubel lion is revived, and treason is again to be made odious.” Their aim is to keep us in a ferment and fire up the party hate that the Mortons and Butlers may continue in power. It is iu vain that every first-class journal should daily veutilate in its cot urn us a strong and earnest appeal for peace and re conciliation, and it is again notorious that our be3t raeu are going great lengths to attain this end. A few gen erous patriots, have responded on the part of the North, but the majority hate us as much as ever, and they seek to eheok the movement by the basest aud most false assertions that the spirit of rebellion is again raised at the South. How such men would have been elated if the late outburst in Georgia had resulted in a conflict of races. The result has, however, demonstrated the fact that the South are a law-abiding people. It teaches us further that the negroes will not wait for provocation or cause upon the part of the whites to engage in the most hellish schemes, even to the in discriminate murder of innocent women and children. The negro is only valuable to the people of the North as a voter, and they do not stop short of any means to retain his vote. Fortunately, Providenoe, iu the wise order of nature, is likely to thwart these objects. The negro, sooner or later, will draw the color liue; and when this happens, and he is left to himself, his doom is sealed. Asa slave he was of immense beuefit to North and South, but as a voter and office-holder he is simply an instrument of harm in the hands or the corrupt. This error the North begins to feel and recoguize, but they are too bigoted to admit the truth. The South under all these drawbacks is working bravely to regain her losses, and she ouly wants time to regain her prestige and wealth. The late war did ono good thing, it transformed the white laborer into an intelligent and frugal citizen such as no other ccnntry can boast. We have no roving bands of tramps here. The negro does not produce half the ootton which was pro duced before the war, his time is too much absorbed in religion and politics. Let us then encourage our native white labor until the prosperity of former days is restored, and our country is one in polities and homo geneous in color. Blue Ridge Railroad. The people of this State have long felt the want of a railroad across the mountains, and since Mr. Memminger has withdrawn from the management of the Spartanburg and Asheville Rail road, the hope of rebuilding the Blue Ridge has revived. Although the for mer efforts to complete it have failed, first because of the war, and after wards by the gross mismanagement of the Radicals in South Carolina, the people have not ceased to cherish a desire for its flual completion. The whole line is graded, the tunnels near ly completed, and the solid masonry in a great degree finisned. The move ment was inaugurated on the 14th of July, at a public meeting in Knoxville, Tenn., at which a resolution was adopt ed to subscribe $250,000 worth, of stock, nearly enough to complete the road to Walhalla. Our people along the line are now called upon to assist in this great work, and if they respond in a like liberal spirit the completion of the road will be assured. Hot Weather. We are suffering very much from the very hot and dry weather. August was very cool and pleasant, but this month has a July aspect. The cotton is suf fering very much, especially the late planting. If it continues to open like the past few days it will be gathered before the first of November. We ex pect to hear the cry again raised of an immense crop, but I doubt very much if it will reach four millions of bales.* At the present prices it will take it all to pay for supplies and guauo. Timon. Love is a matter of wind ; first a sigh and then a, yawn. Laws aro the offspring of old men. Young men never believe their legUL rnacy.