Georgia Historic Newspapers

    THE WEEKLY 00K8TIf'UTI0NALI8r
WEDNESDAY MORNING. MARCH.!', ISJO.
Club Hale* for the Weekly Couatltnllon*
alUt.
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OBOPB AND OUBREN r NEWS.
Our subscriijcrs and friends in the coun
try will confer a favor on ns and our nu
merous readers by sending us items as
to crop prospects and general news in
their different sections. Wc trust that
each subscriber will consider himself a
special correspondent for the Constitu
tionalist, and thereby add to the interest
of the paper.
SLIGHT DISCREPANCIES.
Old Simon Cameron, of Pennsylvania,
has turned ont, in his own conceit, a
prophet of the first magnitude. During
the debate on the admission of “Senator”
Revkls, of Mississippi, he “narrated the
<< particulars of an interview between him
•* self aud Jefferson Davis just^prior to
“ the war and before the latter had left the
“ Senate, during which he declared to
* r Davis ltis own conviction that slavery
" would have ceased from the moment the
“ first gnu was llred upon the flag of the
“ country, and that his (Mr. Davis’) scat
“ would some day, in the justice of Gon,
“be occupied by a negro. Mr. Cameron
« said he had lived to see his assertion vcrl
«fled and he now wished to remind the
“ Senate how much this colored race had
« served us In the war, and he was cora
“ polled to say this In view of the attempt
“ of the Senator from Oregon (Mr. Wil
-41 liams) to argue that this man (Mr.
“ Revels) had more white than black
“blood in his veins. A. consideration of
“ that kind was unworthy of any Bcuator
“ in view of the great services of tho col
“ ored soldier, and ho (Mr. Cameron) be
“ lieved the tide of war would have gone
“ against, us had it not been for the two
“ hundred thousand negroes who cainc to
“ tho rescue.”
Senator Cameron may have predicted
that a negro would occupy Jefferson
Davis’ seat in the Senate, but his prophecy
has only been fulfilled In part. Had he said
the seat would have been occupied by a
Choctaw Indian, or, more accurately speak
ing, a Mestizo, he would have been much
nearer tho mark. But Mr. Cameron, like
all prophets, is very tenacious of the ex
actitudc of his vaticinations, and even goes
so far os to reproach one of his associates,
because the fact of Revels not being a
negro was an apparent effort to break the
force of his clairvoyant power. According
to the best authorities, Revels’ grand
father was a white man and his grand
mother a mulatto. Ills mother was a quad
roon and his father a Ohor,taw Indian, lie
therefore is an octoroon-Choctaw, and, like
Cameron's prophecy, very much mixed.
From these debates in Congress It would
seem that the Radicals make a subtle dis
tinction between* negroes and colored peo
ple—blacks and mulattoes. The mulattoes
are constructively held to bo citizens out
side of the Civil Rights Act; the blacks
must date their citizenship from Its pas
sage. Let the simon-pure negroes, who
make up eoven-eighths oftho toyal column
in the MoulU, and, without whose votes
Radicalism must shrivel like a pricked
bladder, understand tills tiling. Hitherto,
they have, in the majority of cases, en
trusted their representation to persons who
ane really not true types of their luce.
This they have probably done as a sort of
compromise and for the purpose of abating
the prejudice existlug even at the North
against their unadulterated oomplexiou,
of which they have foolishly been some
what ashamed. If the genuine blacks, who
really constitute the Radical party of the
South, arc determined to have repre
sentation. let them put away men who arc
bogus negroes after all, am! clioose only
such as have the right to deduce a distinct
Ethiopian origin. If they do uot so c Loose,
why let them, at least, leave all the jubila
tion to the hatf-negroes and Choctaws who
are reaping all the beneflis which the full
blooded black js entitled to.
Now that Senator Cameron has demon
strated that the prejudice to a thorough
bred negro should uot be entertained cvcu
in tl»c Senate ot the V tilted States, the
blacks must sec to H that no more mongrels
shall have the spoils of office at their hands.
Beside, does uot Senator Cameron explicit
ly declare that all the white Yankee* o( the
East and West and all the white hirelings
raked from abroad were not qual to the
conquest of the gallant Southern people
until 400,000 negroes cams to the rescue
and saved the blessed Union. If the ne
groes saved the Union,and Camkkon,
the great prophet and imaliclnc-uiuu, euu
foaaea It, they are clearly the heirs of the
high place, of tl tat aforesaid ble**ist con
cern. Now, then, that all dlffieultles have
bean Imulu I away, let the thorough-bred
negro*-*. mu’ to it that iimy put ip u pru|K>r
claim for the loaves uud flshea. Indeed,
wa look lor soother iihui nan I minis unite
from ths lllm>irtou»CtMMPiN, wit ; Thai lie
“hall luslautly resign hi* seat In favor of
sotm dusky IVnniyUauiau How nan he,
W in At JutUt* .-/ I non, refuse to do this, seotug
! w hat Revels the Choctaw has come to in
j the so-called “justire of <iod?" Palling in
! this, wc shall try our hand at soothsay
-1 iug aud predict that Simon Cameron’s scat
i will be occupied, one of these days, tty that
| modem miracle at the North an honed mid
I incorruptible mun. If this should piove a
I fiction, we arc willing to admit that. God
I has forsaken the United States and that Ids
1 justice is postponed in Simple Simon’s case
to a more appropriate sphere. But we
, stick to our prophecy; aud when it shall
. have come true, “Senator” Revels will no
doubt be blacking boots for one of Jeffer
son Davis’ descendants. Beware Simon
Cameron, thou knavish bc-wltch! The
“ justice of God ” is a sword that smites
with a double edge.
CONVENTIONS IN GEORGIA.
Some restless individuals are very
anxious to have a Convention of the peo
ple of Georgia, irrespective of party. We
beg these persons to be a little patient. If
they cannot be patient, why let them drive
ahead and see how their scheme will come
to naught. There will be, at some future
time, a Convention of the sound Democrats
of Georgia, for purposes of organization
aud layiug down a platform. Such per
sons as cannot endorse and support this
platform of square principles will be ex
cluded, for the time of trimming, temporiz
ing and make-shifts has well nigh passed
away. But the opportune moment for a
Convention of any sort has not yet arrived.
We must first of all get out of the woods.
When the smoke of the present conflict lias
vanished and Congress has acted upon all
the Southern States, then Georgia may have
a Convention of her true men. Anterior
to that period, it would be foolishness to
move. Meanwhile, let us tolerate our mis
fortunes with philosophy and lie close
while under fire. Let it be understood,
once for all, that, until such conditions as
we have mentioned above are fulfilled, we
arc in no position to return the fire of the
enemy by an organized effort.
In this connection, wo would observe
that sonic of our brethren in the State who
hitherto ranked ns true Democrats, and
still claim to be so, have said and done
many things to “ make the judicious
grieve.” Still, wc arc unwilling, for the
sake of the past and for the hopes of the
future, to utterly despair of their final sal
vation. It may be, in spite of present ap
pearances, that when the day of fight
comes, some who are now denounced as
traitors will be manfully battling for Dem
ocratic principles and on the right side of
tho line. Perchance, too, some who are
now very bitter in calling names will not
be ns steadfast as they imagine. Human
nature is frail anil liable to error. Even
Peter denied his Lord thrice, and this,
too, when lie was following after him with
all of the solicitude of a devoted disciple.
If such men as wc have indicated still
prove recreant when the purification of-tho
temple shall have begun, wc will be behind
none of our brethren in warring upon the
renegades. First, however, let an unmis
takable banner be hoisted and then see who
follows its lead or who lags sullenly in the
rear. But that banner eannot be hoisted
until Congress shall have virtually finished
its work upon us, or until the present Leg
islature shall have nettled, so far as it cau
settle anything, the prcsuut statu* of laws
and officers.
Tiq-: Dkci ink in Gold. — lt seems that
Cotton is King, after all. To King Cotton
the recent decline in gold is attributed.
The New York World puts the case thus:
“ Our chief use for gold is in the purchase
“ of foreign commodities, and cotton being
“ us good for this purpose as gold itself, an
“ abundant cotton crop dispenses with an
“ equivalent value In gold for the purpose
*> of foreign commerce. According to the
“ most recent estimates, the cotton crop of
“ the last year does not fall short of three
“ million bales; and,as the price is double,
“ tills crop is equal In value to six million
“ bales previous to the war. We have ac
“ cordingly, at present, little use for gold
*■ except for the payraeut of duties at the
“ Custom House. The supply Is in excess
“ of the demand, and, us a necessary con
“ sequence, the price falls. It would be
“ absurd to attribute this result to the
“ policy of the Government.
“ The abundance of the eottou crop has
“ operated In another manner. It has car
“ rled Into the South large sums of money
“ of which only a part has been returned.
“ Three million bales of cotton, at present
“ prices, are worth about $350,000,000. —
“ The planters reserve out of tlieir pro
“ eeeds the money they will need for till
•* age, wages, and family expenses until the
“ next crop Is brought to market; and the
“ deficiency of banks In that section causes
“ much of tills money to lie locked up In
“ private safes and desks, thus withdrnw
j “ ing it from circulation and practically
“ diminishing the volume of the currency.
“ The effect is, so far as It goes, to lessen
“ the disparity between the value of gold
“ and the value of greenbacks.”
Z->k.—Many of our readers remember
little Zok Dk Lave, the daring perform
jcr on the flying trapeze. Bhe fell, In Balti
j more, last Monday night, uud was serious
j ly injured, so seriously, Indeed, that the
Council of that city have prohibited such
: exhibitions hi future.
I Kiku Cotton.— Commenting upon the
recent decline In gold, ilia New York,
j /Viuocrul says:
*• If It were not for the cotton crop, there (
" would lie no coin balance* iu the New
•• York bunks or *n the Federal Treasury. j
" |t would all bu ou ilia Other side of the I
•• Atlantic, 1
On ! -" |*l*rid, patieui, (Jod fearing New
England,"- V Y
Well, If New Cnglaod I* God tearing, j
dwll worship cr«w* lulwi crime •
! What Bateman Saw in Louisiana.—
Very recently Manager Bateman called to
; say adieu before his departure for Europe,
i Hiving just returned from New Orleans,
] he related his experience, which was some
\ whai varied, to say the least. Mr. Bate
man said lie visited the Legislative Hall of
Louisianians, and arrived jbst iu time to
hear a most interesting argument between
the members. The question under debate
was that of increasing the pay of members,
which was then $6 per day.
A member rose and proposed to increase
the pay to $8 a day.
Another member streDuously opposed
the motion.
Member front the suburbs proposes to in
crease the amount to $lO a day.
Immediately a big, burly, colored “ gem
men ” jumped upon his seat, and, in stento
rian tones, delivered himself of the follow
ing :
“Mr. Speaker and ‘gemmeu,’ dis am de
fust time I ebber had a chance to make ten
dollars a day In my life, and I goes for dat
bill shure.”
At last accounts the colored member had
bought a $25,000 residence, saying he
“ would pay $lO down, and de balance in
a year.” —New York Bun.
Retribution.—The Academies of West
Point and Annapolis are in great dauger
of being abolished. Carpet-bag Senator
Spencer, of Alabama, has moved against
them with some hopes of success. Spen
cer pretends that the sale of cadetships
and the disposition on the part of the
army and navy to create mutual admira
tion societies, and to wield political in
fluence though the high and aristocratic
grades now cxistiting in the two corps, call
for the quelling of these institutions. If
these are the true reasons, we are glad that
the army and navy officers, who helped
abolish the rights of the South so that
carpet-baggers might thrive, are in turn
about to be degraded by the creatures they
nourished into distinction. How do the
high aud mighty Generals and Admirals
like this shot from the Spencer rifle ?
Theological Soft Soap.—The New
York Times thinks New England Is “God
fearing.” Well, so she is, after a fashion.
Bnt this is the fashion : Professor Gard
ner, a soap man of Boston, publishes a
letter from the Rev. J. B. Fulton, of the
same place, to this effect:
“ I have used your soap with profit and
pleasure; but best of all, I have held pleas
ant converse with you concerning Him
•whose blood washes all our sins away." •
Even the Independent is disgusted at such
blasphemy, and stigmatizes it thus:
“This reminds us of the negro who
opened a restaurant In this city some twen
ty-five years ago, and who, in order to
attract piouscustomers during Anniversary
week, advertised after this style: ‘ Oysters
in every style—stewed, roasted, fried, scal
loped, and on the half-shell. Friends of the
Redeemer are invited to call.'"
Nte and Lincoln.—The New York Ray
Book Is responsible for the following para
graph :
“ Senator Nye, that is, 1 Jim Nye,’ carries
“ in his pocketbook a note from the late
“ President Lincoln, written in pencil on
“ the fly-leaf of a book, which runs as fol
“ lows: ‘ Dear General: Come up to-uight
“ and swap jokes. Lincoln.’ And Nye is
“ one of the most obscene jokers on earth
“ since the death of Lincoln. It must have
“ been enough to have turned the stomach
“ of a crow to have listened to Nye and
“Lincoln ‘swapplug jokes.’ Aud these
“ blackguards wero ‘ swapping jokes,’ when
“ the agony of death was in almost every
“ family iu the land. If there were any
“ blood in our veins it would boil at the
“ thought of tiie brutality of the wretches
“ who carried ou the butcheries of tiie nlg
“ ger war.”
Burlingame. —The death of Anson
Burlingame has elicited a whole cart-load
of eulogies from the Northern press. He
gained some cheap notoriety by offering to
fight Phkston Buooks in Canada, when it
would have been very dangerous for that
i gentleman to have ventured Northward ;
and he made a world-wide sensation bv re
signing the ministerial service of hts own
country, and accepting office for higher pay
from the Emperor of China. But he has
gone on a foreign mission much more ex
tensive than that with which he was re
j ccntly accredited. And so, the Yankees
may make a god of him for the next ten
days, and place him, as is their custom,
among the five 1 or six thousand “second
Washington's” who have lived and died
| since the “ great rebellion.”
j The Cuban Humbug.— The New York
Express, a thoroughly reliable journal in
news matters, thus sums lip the Cuban
question:
“ From a review of the entire situation —
“in the light of the latest advices from
“ all sources—we come to the conclusion
“ that if this Government ever intended
“ (which we doubt) to help the Cubans, by
“ recognizing them as belligerents, the
! “ time is going, if not quite gone by when
i “ the thing can be done, to advantage. It
|“ Is too late. The revolution is practically
j“at au cud, and, for the present at least,
I “ Spain Is master of the situation.”
! “ biioo Fly” in tuk Classics. —Sorue-
I body haa discovered that Homer was the
j original “shoofly" man. Here lathe proof:
s i iroiu her lube, when slumber «urk« to*. eye,
; The watchful mother wait* the enreuomM fly.
\Vopt.
I Fir *« the lit oilier wafl* the fly aside
That hauuU her slumbering babe.
A* w Ill'll (I tuolller, while her child I* wrapped
i 111 »wee( slum Iter, mm re* away lilt' fly.
1 Wry ml
Tool urn An air.—The MiiiMi iMtam of
the Ifadlcal i>arty, Wknpkll I'mim.h**,
unit* lit* horn iu favor of ludlau suffrage
ami eompulalte social equality with n* I
grot*, k'a Mr I'iiiliMbl
Sthong in Death —lt is now charged j
j that Whittemore, true to carpet-bag in- ;
! stincts, sold his seat in the House bf Repre- 1
sentatives to Mr. Benton, of New Hamp
| shire. “It appears, however, that the re
i tiring member was ‘unfortunate’ also in
1 tills speculation; for Mr. Farnsworth,
i who knew some of the 1 rules,’ had “ nego
tiated” with the Doorkeeper, whose per
quisite it Is (like that of hangmen of old) to
appropriate the paraphernalia of executed
members, and whose prior claim aud trans
fer could not be successfully ‘contested.’’’
Logan.—Gen. Logan, of Illinois, was
specially severe upon carpet-bagger Whit
temore, for selling a cadetship very cheap.
The Hon. Looan forgot, or did not choose
to remember, how he bought a brigadier
ship from the late lamented Lincoln, by
fooling Mrs. L. with a diamond ring worth
but twenty-two dollars.
Bothered.—The New York Evening
Post proposes that the female brokers in
Wall street be called “cows” and “she
bears.” Oh, no! When a woman unsexes
herself, she becomes liable to all the appel
lations proper to man. Such a female will
not bellow if you call her “ a bull.”
The Connecticut Democracy.
resolutions of the state convention.
The following is the text of the resolu
tions adopted iu the Connecticut State
Democratic Convention, onTuesdajHast, of
which a brief synopsis lias already been
received by telegraph :
Resolved, That the Democracy of Con
necticut now, as in the past, occupy the
proud position o! the defenders of the true
principles of constitutional freedom, based
upon the equality of the States; and for
the success of their cause rely upon the in
telligence of the people and their devotion
to the same ideas illustrated by the exam
ple of the fathers in the purer days of the
Republic.
Resolved, That the State of Connecticut
is to-day the same “ free and independent
State” that it has been for more than two
hundred years, with full power to declare
who shall and who shall not be clothed
with tne elective franchise within its bor
ders, and when this power is forcibly taken
away and its ballot boxes subject to the
hireling soldiery of the General Govern
ment, the State will have lost its boasted
sovereignty and become degraded to the
position of a conquered province.
Res ilved, That the Fifteenth Amendment
(so-called) to the Constitution of the United
States is in no sense an amendment to said
instrument, but is a Radical change there
of, striking at the principle of State Rights,
which lies at the base of the compact
formed by the various States in the con
vention of 1788 ; and its forced and fraudu
lent adoption at the point of the bayonet
will be the deadliest blow ever struck at
the sovereignty of the States and the liber
ties of the people.
Resolved, That the Democracy of this
State now, as heretofore, are the strenuous
advocates of a tariff for purposes of reve
nue only; that the principle of “ protec
tion for the sake of protection ” is at war
with the diversified interests of the people
of the States, and experience has shown its
tendency to aggrandize a class in the com
munity and at the expense and to the in
jury of the producing and laboring mil
lions, taxing their industry equally in vio
lation of the authority of the Constitution
and of the great principle that should
govern this people in their intercourse with
the family of nations.
Resolved, That the Democracy of Con
necticut, by the action of their State Con
vention, in 1862, denounced the legal-ten
der set as a Congressional usurpation, an
infringement upon the letter and spirit of
the Constitution, and in violation of the
rights of tiie people of the States. In 1870,
the Supreme Court of the United States
nflirms the position assumed by us iu 1862,
aud we reiterate the declaration that there
shall be but one currency for the Govern
ment and for the people, and that one the
constitutional currency, as proclaimed by
Andrew Jackson, and we call upon the Ad
ministration to aid us, by honesty and
economy iu the public service, in the resto
ration of that currency to the uses of the
people.
Resolved, That the language of Mr. Dawes,
of Massachusetts, iu which he asserts that
in the work of Government economy “ the
House could expect no aid from the other
end of the Capitol (meaning the Senate), or
from the other end of the avenue” (meaning
the President), should startle the country and
arouse all good men to unite in overthrow
ing a profligate administration, which is
confessedly extravagant and reckless, at a
time when all business interests are perish
ing under their heavy burdens and labor
is being pauperized with intolerable taxa
tion.
Resolved, That the bill now before Con
gress for the purpose of changing the laws
regarding naturalization, is a direct attack
upou all foreigners seeking the United
States as a home for themselves and fam
ilies, and the present corrupt aud unprin
cipled leaders of the Republican party
having destroyed the constitutional rights
of the people of all States, robbing them of
the power to determine the status of the
citizen, now seek to degrade the white
immigrant below the level of the native
negro- . ~
Resolved, That the Democracy of Con
necticut sympathize with the people who
struggle for freedom everywhere; and send
their cordial greetings to the patriots of
Cuba, who are now valiantly contending
for their freedom aud their rights.
Resolved , That a direct tax levy in Con
nect lent of over SBOO,OOO, besides $500,000
more upon savings banks and other corpo
rations, is a larger amount than should be
taken from the people annually, aud wc de
mand that the public bunions be diminish
| wl by equality in taxation and economy in
I the expenditures.
! Resolved, That in proseutiug the honored
I name of James E. English as our candidate
for Governor, we do so with flill confidence
I that we appeal to the liest judgment of a
j Urge majority of the people auil the sound
! patriotism of the State; aud iu the candi-
I dates associated with him wo feel assured
that worthy representatives of the |ieop!e
and tlieir test interests have been selected.
j Radical rmuor bath It that Representa
tive Ilogc meaus to clinch the qucatlou of
his own purity, In the nutter of appoint
lag cadets, by nominating for a laduUhli*,
j at uu early day, the sou of one Ilia black
I constituent* That will certainly be very
i loyal aud disinterested ou tin part of Hog* ,
hut the boy, we take it, will be apt, for u
time at lr«*t, to have a ulee time of It
among Ida follow ttd«u,
Nmtt,
\ The Temmasee t'oiiatHilltoual t ooun
linn tUieaied a prop'mi'ion to prohibit u*
gross from holding ortlrc and sitting au
jure** by a vote of Sb to iftf
A Workingmen's Address.
■■■——
THE FORESHADOWING OF A NEW PARTY
PLATFORM—KICKING OUT THE POLITI
CIANS AND BANKERS —NOTHING BUT THE
NATION’S MONEY AS A CIRCULATING ME
DIUM.
The National Labor Union’s address to
the people of tiie United States sets out
with the assertion that the legislation of
the whole country is in the hands of a sin
gle class —lawyers—and under the supreme
control of bankers, moneyed men, and pro
fessional politicians, to the almost entire
exclusion of the productive classes, who
are the real sources of all our wealth. The
authors of the address have no hope in
party politicians. They have been tried
and found wanting. After one hundred
years of their administration we find our
selves in possession of a national debt of
$2,400,000,000; State and local debts of
equal amount; the public domain largely
wasted ; much of the most fertile land in
the country in the hands of railroad com
panies and other monopolies; statesmen, ed
itors, financiers, and politicians clamoring
for return to a specie basis, a system which
is self-destractive, and has produced uni
versal commercial disaster every ten years,
thus demonstrating Its ntter incompetency;
a moneyed aristocracy; disorganized la
bor; a blasted commerce; a land full of
murder, suicide, prostitution, arson, rob
bery, poverty, public corruption, private
vice, and intemperance; a divided interest,
and a divided people! All these and more
we find, and therefore demand a surrender
of the powers so long abused. In making
this demand, we have no compromises to
offer or accept. We mean no bargain and
sale of our high trusts or the people’s in
terests for the benefit of any pai’ty.
THE NATIONAL BANK CONSPIRACY.
It is undeniably true that if the Govern
ment had issued $300,000,000 greenbacks in
lieu of the bonds deposited to secure the
redemption of the bank currency, it would
have saved every dollary of the Interest on.
them except the one per cent, tax on the
circulation, and at the same time it would
have furnished the people a better curren
cy. The bankers, not sitisfied with this
enormous bonus, have the effrontry to de
mand the withdrawal of the greenbacks
now In circulation, and the substitution of
their own currency. If successful, we
shall soon have as much as $1,000,000,600 of
currency in circulation ; and then, when
the profits arising from furnishing the cur
rency go in the vaults of the banks and
pockets of the usurers, we shall hear noth
ing more about inflation until the next
breakdown.
THE WORKING MEN’S CURRENCY.
We are in favor of discharging that por
tion of the debt heretofore contracted,
which is by the law authorizing its crea
tion made payable in gold, in that com
modity, and of liquidating it at the earliest
practical moment; but we insist that all
other forms of indebtedness, including the
five-twenty bonds, shall be paid at the
earliest option of the Government in the
legal-tender paper currency or lawful mo
ney of the Government; that the bank cur
rency and the present legal-tenders (green
backs) shall be withdrawn from circula
tion, and there shall be issued in lieu there
of, Ss the exclusive circulating medium of
the nation, paper currency made a legal
tender in the payment of all debts, public
and private, duties on imports includ
ed, and declared the lawful money of
the United States, and convertible at the
pleasure of the holder into Government
bonds, bearing an interest of three percent,
per annum, payable in lawful money. The
bonds to be likewise convertible into this
lawful money at the option of the holder.
A SQUARE DEAL FOR LABOR.
Buch a currency, being under the direct
control of the people, thev will be enabled
to prevent the high and fluctuating rates
of interest and the violent expansions and
contractions of the currency which have
caused the monetary crisis and commercial
revulsions which have heretofore so fre
quently prostrated all legitimate enterprise
and product ve industry, deranged com
merce, lowered the standard of commercial
integrity, and made us little less than a
uation of gamblers. It will likewise enable
ns to effect the equitable distribution of the
products of industry and enterprise be
tween capital and labor, thus removing the
necessity for the excessive toil which is
now over-taxing the mental energies and
physical powers of the producing classes,
aud afford them the time and the means
requisite for mental enjoyment, intellectual
culture, and moral improvement.
WHO FAYS THE INTEREST.
All interest paid for the use os motic
national, State, county, or town bonds,
railroad, manufacturing, and all other cor
poration bonds, bank dividends, or for any
purpose whatever—must in the end be
borne by labor, and is as much a charge on
labor as the taxes paid for the support of
the Government. When the rate exceeds
the aggregate rate of Increase in thenation
al wealth, the inevitable result is to cen
tralize the wealth of property iu tiie hands
of the few non-producers, and to impover
ish and degrade the wealth producing
classes. The Government is bound to in
stitute money so that it shall distribute
products to non-producing capital and pro
ductive industry according to the service
or labor performed in their production.
Therefore all interest beyond such just rate
as will effect the equitable distribution of
products and property between capital and
labor is a legalized fraud on the producing
classes.
THE STRUGGLE FOB TIIE MASTERY.
Our monetary laws, unlike our Goyern
j meat, are founded on the aristocratic prin
| ciple that the few should rule the many.
The many toil for the few. Their history,
•i from the foundation of the Republic, is one
of repeated wrongs and usurpations, all
having a direct tendency to the subversion
of democratic republican institutions, and
the establishment of a moneyed aristocracy
to rule over aud despoil the producing
classes of their substance. After gaining I
our political iudcoendence, wc unfortunate
ly engrafted Into our system Ideas of money
derived from the aristocratic Governments
of Europe, aud ever since this moneyed
aristocracy has been striving for the mas
tery of the Government and people. The
breaking out of the rebellion afforded the j
occasion for the full exhibition of the iu
j satiable avarice of the money autocrats, j
, Having, through unwise aud vicious legis- 1
lation, to a great extent control of the!
money iutereat of thaw-nation, they seized
with avidity this opportunity to render
tlieir power ovnr the Government and jieople I
absolute. Their llrst net mode It manifest,
that they did uot intend to share with thu 1
patriotic industrial classes the burdeua aud i
sacrifices necessary for the preservation of!
the Government, out to enrich thvineelvu* i
at the expense ot the people,
REMEDY you K MATING EVILS,
Tit* addrea*, remarking that It I* the
cheap capital rather than thu cheap labor
ill Europe that our manufacturers need nro
mellow agalu*l, i»ro|iu*e* Chat the nation
•hall i alluguUh the debt, uApI thew »npply
Ha own »«■<»• >, without Interest, for the
Mopje, Th« address la signed by It, f>
Trevaltek, A f t'avte, (' K Uhm aud oihere,
officers of the National lAwor I'nlou
[From tho Financial Chronicle.
Cotton.
Friday, P. M., February 25,1670.
By special telegrams received by us to
night from the Southern ports we are in
possession of the returns showing the re
ceipts, exports, &c., of cotton for the week
ending this evening, February 25. From
the figures thus thus obtained It appears
that the total receipts for the seven days
have reached 82,753 bales (against 06,424
bales last week, 98,544 bales the previous
week, aud 104,601 bales three weeks since.)
making the aggregate since September 1,
1869, up to this date, 2,115,539ba1e5, against
1,658,422 bales for the same period in 1868-9,
being an increase this season over last sea
sion of 457,117 bales.
The exports for the week ending this
evening reach a total of 61,444 bales, of
which 45,955 were to Great Britain and
15,489 bales to the Continent, while the
stocks at all the ports, as made up this
evening, are now 568,234 bales.
We>* en<Un* Bxp . d to T t hu 555? Stock.
Feb. 3. ,} Br . c<mt. week. I M3. 187». 186S.
N. Orleans.... 34.933 11.179 Alii 13J119 Mi 810 147,245
Mobile 8,364 .... 8,364 9,7 7 7 478 37,571
Charleston * 373 81 681 *0,885
Savannah 8.448 .... 9.448 17.185 61,774 40,878
Texes (e*t).... 1.*04 873 8,677 5,384 47 551 14,686
New York.... Lioi 8,735 9,8*6 5, 07 85 00J 187.164
Other ports... 290 708 1 001 370 38,000 88,713
Total— 43.945 15,480 61,441 34,964 568 834 406,476
Total since
Sept. 1 775,703 355A40 1,161,049 863 966
Compared with the corresponding week
of last season, there is an increase in the
exports this week of 6,477 bales, while the
stocks to-night are 161,758 bales more than
they were at this time a year ago.
Stocks of Cotton at Interior Towns.
—Below wc give the figures received to
night, showing the stocks of cotton at the
interior ports at the close of business to
day, and add those for last week and the
corresponding periods of last year for com-
parison ;
, 1870. . 1860. .
Feb. 25. Fab. l a . Feb. 25. Feb. IS.
Augusta, Ga 25,0'0 23,617 19,75') 19,400
Colurr.bes, Ga 13 527 13,460 16,100 16,300
Macon, Ga 16,687 16,663 9,638 10,18
Monteomery, eat.... 13 000 13, 00 8,269 10,000
Selma. Ala, e,t 8,000 7 857 6.600 7,377
Memphis, Tenn 22,343 28,092 23,443 22,860
Nashville, Tenn 5,285 5,264 8,2,9 4,584
Total 103,752 107,953 89,879 90,708
The foregoing shows the interior stocks
have decreased during the week about 4,000
bales, and that they are now 13,873 bales
in excess of the same period of last year.
Prices and Prospects.— Prices have
taken another tumble the past week, the
natural sequence of the movement lor a
rise during the previous Winter months.
Had holders, in December, accepted the
logical result of the increased crop (as we
very strongly advised) keeping out of the
forward delivery speculation, and parting
with their stock freely, they, would uow be
in a much better position to demand terms
of consumers. Instead of that, however,
many have held on to it in every way, and
that too, in large amounts, nnder small
margins, until now, on the turn of the
market, aud when there is a prospect of the
India supply coming into competition, they
are compelled to throw it overboard at a
sacrifice, consequently it need not be a mat
ter of wonder if considerably lower rates
are touched.
But yet, while we feel the truth of this.'it
appears to ns that very much, will be gain
ed if this haste now to get out of cotton
can be held in partial check. Our delay in
selling has not deprived ns of every advant
age we had. Liverpool vstill has a small
stock; business prospects all over Europe
are favorable; and Manchester and the
Continent have increased the consumption
largely. These facts, in addition to the
further oue that the early India supply
(except so far as it comes through the Suez
Canal) will be less than last year, as the
crop is later, give us the power to prevent,
in part, the mischief which is the natural
result of the mistake already made. Wc
would not check free selling, or encourage
speculative holders, for we see nothing to
warrant it; but on the other hand it is well
enough for us to remember that cotton has
a value still.
Will Gold Advance?—The future of
cotton in a measure depends upon the
course of gold during the next three months;
conseqentlv the inquiry as to the turn the
premium is likely to take is important.
We do not propose to solve the problem,
but a few facts may help onr readers to
form an opinion for themselves. 1. The
supply ou the market is now extremely
larger, say about .$70,000,000; hence not
only can no interest be obtained for it, but
owners arc compelled to pay a considera
ble per centage for having It carried. If
this state of things continues, any npward
movement docs not appear probable. 2.
Last, year on account of the very small
export of the precious metals, the country
increased its stock of gold somewhere about
$35,000,000. That the specie movement the
present year will show a similar result is
for the following reasons not unlikely. (A).
The unfavorable condition of business does
not encourage large importations, and im
porters after their late losses are in a poor
condition to run any great risk. (B). Onr
exports promise during the coming three
months at least to be in excess of last year’s
movement. We have on hand, for instance,
150,000 bales more of cotton than at this
time a year ago, and our receipts are likely
to increase this excess. (C.) The move
ment of our bonds to Europe will probably
be fully as large, if not larger, than during
1869, as our increased credit will increase
the number of investors even at the ad
vanced price now current. For these rea
sons the retaining of a large portion of our
gold production" this year, and thus in
creasing our supply is not improbable. 3.
The Government will undoubtedly pay out
and sell about as much as it receives for
duties, so that its operations or necessities
will not interfere with the natural move
ment. Without, theu, any large demand
for gold, aud with the supply on the market
increasing, is any decided reaction from the
present rate probable during the next three
months? Os course a speculative move
ment might force gold up in face of these
facts. /
Women’s Right* Three Hundred
Years Ago.— Appropos of women’s rights
is an incident related by Edward Webbe in
his “ Trauailes,” which were first published
in London in 1590. Webbe was taken
prisoner by the Turks in a sea fight during
a voyage from Alexandria to Leghorn in
j 1572! Being a gunner by profession, he
j was, in 1583, made master gunner of the
I Admiral’s galley In an expedition to the
“Land of Prestcr John [Turklstan(?)J
j within 18 degrees (1,080 miles) of the
sun." In describing n battle that took
I place there, he says : “ But It Is worthy of
I memorio, to sec how the women of ye towae
did pile themselves with their weapons,
I making a great massacre upon our men,
! and murtUered 500 of them In such apeedlc
| aud fiirioaa sort as i* wonderful; we treaded
' not to have feared tlieir men at all, had uot
i their women bln our great overthrow, at
| which time I myself was malater Gunner
of the Admiral's Gaily, yet ehaiude green-
I oukly. aud heateu naked with a Turkish
sword flailing, for not ehootlng where they
would have uie, and where I could not
ehoot,"
I The aitleeu* of llaneoek county are non
| utnplailng § rail’ neat fill,