Newspaper Page Text
MACON, GA.
Thursday, November 5, 1857.
Tub office or iiik State Pkem m on
Cotton Aveni rin the rooms recently oc
cvi’iEi* nr Mr. Jackson BahnKs,
NEW HEAD.
We npjiCHl' tills week with a “new lic.al." or
rather the paper so appuars—as to our indi
vidual cranium, it of course remains unchanged.
NOTICES OF THE PRESS.
On the first page will h found various no
tices of our paper by contemporaries in this
and other States. As rhey are quite compli
mentary. it may socni- vain-glorious in us to
republish them, but be it rememls-red : Bless, J
is he thatbloireth his men horn..for trhouo bluirt th
not his oicn horn, th> same shall not be bluer u.
—Jude, ll—ft.
LEGISLATIVE PROCEEDINGS.
Our readers may reh upon obtaining in the
columns of the State Press full report* ol the
proceedings of the present Legislature; and
our special correspondent will soon be ready
to furnish the promised sketches of the person
al appearance, characteristics, sayings and do
ings, Ac., of the diflerent members.
A CHANCE FOR ALL.
fn order to extend our circulation as much
as possible, the following p.opo-itioii is made
for getting up
fI.rUS:
Any person sending us the names ot five
subscribers, with the money ($10) for the same
will be entitled to an extra copy gratis.
Her**, then, is a chance for Post Masters ami
others to get a good weekly paper free <>J
charge.
KANSAS ELECTIONS.
The result of the late Kansas Election has
proved disastrous to the Sot th. Ihe I i:ee
State Faction have gained the mastery in the
Terhitoriai. I.Et.ist ati i:e, and Hubert J. \\ alk
er Ims issued a certificate of Election to Mr.
Parrott, their candidate for the place of dele
gate in Congress. This is accepted by the
Black Republican organs ,T the final settlement
of the question in their favor, superseding the
necessity for the Constitutional Convention.
and forever fixing the status of Kansas as a
Free State. A marked tone of exultation per
vades their columns, and the plaudit — veil
done, thou good and taithtul servant —is treely
accorded to the Territorial Governor.
Mr. Walker certainly deserves these com
mendations, for never was laborer latter wor
thy of his hire lie went to K ansas with the
deliberate resolve to defeat the Pin>-Si.avert
Party, and from the delivery of the Inaugural
Address and the Topeka Speech down to the
crowning tu t of usurpation, lie Ims pursued his
purpose with a patient duplicity and persistent
treachery never surpassed in the annals of
government intrigue and political knavery.
He has exhibited a fixed determination to over
ride every obstacle in the path ot his design,
and the manner of coiisiimiinitiug the fraud
show's him equally apt to usurp a- to deceive,
and ju-t as ready to play the tyrant s a- the
traitor's part.
Contrary to all expectations of Walkcl ami
his confederates, the Plto-Si im.i.v Pai.-TV
proved to be ahead according to the lletitins
of the Election .ludg< s. Their majority in the
Legislature was made certain am! the Election
of their candidate for Territorial I lelegate Wils
rendered more than probable. At this junc
ture. the inevitable Walker interfered to turn
the trembling scales against the South, and by
prompt resort to usurpation and tyranny, this
wretched traitor Ims wrested the victory from
our grasp and made himself the sole arbiter of
the contest.
He has undertaken to go behind the Elec -
tion Keti r.xs—to pronounce the Pro Slavery
vote ill Johnson County illtgal to decide upon
the y'mb'/ico'con* of members for scat-in the
Legislature.—and, thus, to fix the fate of the
people of Kansas by a mere Government
Proclamation 1 We venture to assert that sueli
rank usurpation, such gross intervention, such
bare-faced tyranny Ini' never la-tine been prac -
ticed by a Federal ‘ ffiicial.
It is hardly necessary to say that the Kansas
Act affords not a shade of a shadow of pretext
for thisexereise of power. It is there made his
duty to give e rtTieat • of Election, to the per
sons having the highest number ol' votes, and
there hiafunct' cis properly terminates!. That
a Territorial Governor should have authority
to go behind Election Returns—to pronounce
on the legality c f votes —to exclude a poll be
cause lie does not happen to kuote the voters,
and thereby to change the majority in a Leg
islative body. is something unheard of in the
history of the c oimtry. and has no other etfeet
than to give Walker's suspicious the force of
proof and to clothe his predilections with the
validity of law. To judge of the qualification
of their own nicmlcers is the right, hitherto un
disputed, of every Legislative Assembly, mid
the Charleston Courier only expresses the sen
timent of every intelligent freeman, when it
says that the assumption of this power by-
Walker ought to be follow ed by inijn uchiia nt,
unless he is immediately withdraw n from the
station which he Ini' so grossly dishonored and
abused.
♦file telegraphic dispatch informs us that
Walker has lied from the wrath of the Pro-
Skivervmenand sougl t refuge with the 1-reesoil
ers, and another is to the effect that Mr. Bu
chanan will forthwith recall both him and Mr.
Secretary Stanton, his confederate in guilt.
Wethink the first more probable than the last,
and wetrust, at any rate, that the Leoisi.vti re
of Georgia will not wait to get the cue from
the Administration, before it ventures to de
nounce. in the most public mid (minted man
ner. Ibis monstrous usurpation. They can not
coerce the President —neither can they save
the Smith from the disastrous consequences of
Walker's continuance in office. But they can
(.reserve their self-respect. and though the (day
is played out and the treason consummated,
they can at least testify an honorable resent
ment.
RUSSELL'S MAGAZINE.
The November Number of this spirited and
ably conducted Southern Periodical is iqaiii our
table. It presents a valuable "table of con
tents," and to those readers who are not enam
ored of badly executed wood-cuts and exhumed
Jo Millrrs.it will present superior claims for
siqqs.rt to any which can be advanced for the
Northern Monthlies. This Magazine numbers
among its contributors some of the best know n
and most gifted men of the South, and we cor
dially commend it to our readers. Address.
B-'twelfs Magazine. Charleston, S.
GREAT FALL IN THE PRICE OF RAIL ROAD
IRON
It may not be generally known to the public
that Kailroad Iron has greatly depreciated in
value within the last twelve months, bo that
an article which, less than a year ago, com
manded S7O per ton, can now be bought for
about $40 —a fall of Thirty Dollars, equal to
nearly 48 /wr r/nf.on the Ton I
t It will be well for ottr Legislators and oth
ers interested in the matter, Io make a note of
this extraordinary depreciation, as the subject
of State aid will no doubt be urged upon the
ensuing Legislature; and the form of as
sistance which will be most acceptable to the
Companies, and to which the Legislature it
self seems mo-t favorably disposed, is for the
State. un<h r proper conditions and -cctiritic*.
to furnish the Iron fur several important Road-,
which have long Iwen projected ami urgently
needed. but have heretofore remained unbuilt
from the great cost of the Iron.
At the present price of that commodity. an
opportunity is now presented for the State
Government, w ith c«»m|uirativclv small expense,
(about half id vv hat it would have been last
year) to aid in cmi-trnrting a few main line’,
which will complete our system ot Railway
communication and thereby confer incalcula
ble benefits upon t i, v people in all parts of the
' State.
With so imidi togain and nothing to loose,
ran an inf< lligent ami patriotic Legislature
hesitate in its action t
SENATOR HUNTER.
The Richmond Enquirer seem* ambitious to
take Upon itself the other of Executioner, and
is anxious to commence its functions by the ap
plication of the thumb-screw to Mr. Hunter,
the distinguished Senator of the Old Domin
ion. It swears by “rock and pye”that Mr.
Hunter mnxt answer its its interrogatories
—he muxt take the < fttli of allegiance to the
Administration, squarely, soundly and with
out reservation of any kind whatever—in tie
fault of fill which. our Grand INqrisiToß leaves
us to infer that the Senator shall forthwith be
excommunicated with bell, book and candle.
He is by no means satisfied with Mr. Hunter’s
letter to .Mr. Leake. The Senator must disa
vow all sympathy with those who disapprove
the Kansas Policy of the Administration, as
developed by the career of Gov. Walker-—he
must pledge himself to vote fur the confirma
tion of that pure ami disinterested patriot,
when his nomination is placed before the Sen
ate —he must stand ready to endorse the Presi
dent if the President endorses Walker—all
this, and a good deal more, must be done, be
torc Mr. Hunter can hope to satisfy the trou
bled soul of this modest champion of the “pow
ers that be.” And so. our self-appointed In
quisitor proceeds to draw up another formida
ble set of questions, and having erected a new
tack suitable for the business in hand, consid
ers himself very badly treated because Mr.
Hunter will neither acknowledge the authori
ty of the tribunal nor consent to try the merits
of the machine. This is. no doubt, very con
tumacious on the part of the Senator, and very
unfortunate for the Enquirer, but we don’t sec
how it can very well be helped. For the
present, at least, the rack will have to stand
idle, and meanwhile, the Enquirer can employ
itself in preaching the infallibility of Ad.mixis
tiiations and the divine rights of I’iu.-iden:*.
Perhaps, the Southern people after awhile will
acknowledge both, and then the rack will have
plenty to do. Then lore. kt the Enquirer be
of good cheer.
“SOUTHRON.”
Wc congratulate oiir.-elves upon the acquisi
tion of this highly intelligent contributor, and
wc can safely commend his communications to
theatti ntivc perusal of our readers. flic union
of the Southern people, not only in political
sentiment, but in a determined effort to devcl
opv otir immense Industrial Resources ami to
achieve our commercial and financial Inde
pendence, is a dexideratum which wc can hard
ly over-rate —and “Soi 1111:0.x “ is admirably
fitted by his habits of rocarch and powers of
observation, and no less by the clear and em
phatic sty lc with which he makes known his
conclusions, to handle this important and too
long neglected subject.
REMARKABLE CASES IN SURGERY,
We arc indebted to Boardman for a copy of
a work with the above title, by that distin
guished Surgeon. Dr. Paul Eve a name w ell
known to the Faculty, and to the people of
Georgia and the South generally. It is full of
ntcresting matter, and we regret that wc are ,
compelled to postpone till our next number a 1
notice which wc had prepared for publication
to-day.
MOUNT VERNON ASSOCIATION.
We arc requested to state that Mr. Alexan
der H. 11. Dawson, of Savannah, expects to
vi-it Macon in the course ot a few weeks, and
deliver a kuture in behalf of the M> nut \ cr
non Association.
The object of this Assort atiox cannot fail
to commend itself to every patriot in the land ;
and we bespeak, in advance, for Mr. Dawson >
<lisintcrcstc<l and praiseworthy efforts, a full
house and liberal contributions. Due notice
w ill be given of the time and place for the lec
ture.
Elsewhere in to-day’s paper, will be found a
Report of the present condition of the Asso
ciation. Next week we w ill revert to the sub
ject.
Wc have been requested to publish the fol
low ing notices:
It appears from the published Minutes of the
Rchohoth Association, held in Forsyth. Sept.
185(». ami in tbi* city Si pt. 1857. that the As
sociation by vote, declared that the Baptists
“ are theaahj people if ha hare the thtet rt neit a at!
♦#/•</1 mi art x rat flay »ri re tlel irertil by a tai
Baptist church, "to trithflratrchurch felloa-xhip
aud p'<lpit ft Iknrtdtip" fn>lll all other denom
inations of (’hristians. And moreover, that
“it should he their purpose to set forth their
doctrines ami ordinances as clearly and forci
bly as possible to those who arc in error.” Thus
plainly avowing the purpose to make all the
proselytes they can from other churches to the
Baptist church.
I deeply regret the necessity thus forced
upon inc. as Pastor of the M. E. church in this
city, to defend the church I represent, from
such Hggressions. But the responsibility is
upon me ami I must meet it as best I can.
The public is therefore invitcil to attend at
the Methodist church in this city on next Sab
bath at 3 o’clock, P. M.. to hear a review of the
position taken by said Association.
J. E. E\ AN’S.
The quotations in the above declaration of
public hostilities to the Baptists of this city,
arc taken from two circulars of an A«ociati<*ii.
and have no authority whatever over any 1
J church. As the Rev. .1. E. Evans, feels im
pelled by a sense of duty to open a war upon
the Baptist denomination, of which I am nn
humble member. 1 will s.iy that it will atiord
me pleasure to hear him. I hope all the Bap
tists of the city will be present. Should his
attack deserve a repl; . 1 will try to make it on
the evening of the following Sabbath, com
mencing at 7 o'clock.
SYLVAXI S LANDRUM.
JAMES K. POLK ON BANK SUSPENSIONS.
The Nashville Union has re produced, w ith
appropriate comment**, the Messages ot Mr.
Polk (while Governor of Tennessee.) in refer
ence to the Bank Suspensions in 18.3'J. We
take great pleasure in transferring to our col
umns these admonitions of the distinguished
Statesman, and wc commend them to thccaix -
fu! consideration of our Lcgi-lature now in
session. After reciting the many evils and
a bus* s arising from an iiilhitcd paper currency.
Mr. Polk says :
“Upon tb“ receipt of the information that
some of the Banks at the Ea<t in little more
thana year from their last resumption had
again suspended specie payments, the question
immediately ar« -< in the public mind, w hat ha 1
produced the suspension, an 1 wh it w ould be
the course proper to be pi nd by the banks ot
Tennessee f
As far as w e arc informed, the suspension at
the East is represented to h ive arisen “not out
of alack of power to continue specie payments,
but of self-preservation, under the form of
keeping the specie from being drained out of
the country.” Without thcincansuf know ing
how the fact may bc.it is for a siispcii-ion of
payment by the Bank, but an absolute inabili
ty to meet their rc-pousibilitic- promptly.
Aml whatever may have been the cause of
the suspension of payments by the Banks at the
East, it can furnish no suiHcivnt ground forthe
suspension of payment by our Banks, so long
as they have an ability to pay. Like individu
al debtors, they should meet their liabilities
honestly ami promptly, as long as they are aide
to pay. What is the effect if a contrary course
be adoptc<l f A few of the Banks at the East
suspend, and represent to the public that they
arc still solvent, and do so, not from ncccdty.
but to retain their specie ; and, following their
example, the Banks in the mtetior. which are
als<» represented to be solvent, suspend also,
not because they arc under the necessity to do
so, but '•imply because the Ea-tcrn Banks have
suspended. So that the .suspension of the
Banks in a single city w hich may have indulg
ed in cxccs.'.lve issues of Bank paper and Bank
credits, and thus stimulated and promoted over
action in trade, or which may have ultcriorob
jects in view. is operate as a suspen
sion of payments by all the Banks of the coun
try. Surely if a Bank suspend in Philadelphia,
it is no reason for our Banks to follow the ex
ample unless they are compelled Ly their con
dition to do so.
The apprehension of a drain of their specie,
can helio sutiicicnt reason, for one of the con
ditions of their corporate privileges is, that
they shall keep themselves at all times in ;l
comlition to meet their liabilities. When a
smpension of specie payments take place by
Banks, their circulation immediately depre
ciates in value, and the loxx Jallx nut on tin
in Lx. hut on the people. Tht labor of th<
etHinfry bearx the loxx, irlulxt the Hanlx, dnriny
a period of xurpenxion, tire often dotny their
moat profittilth buxmexx. It was hoped that the
BankofTeiinr<.ee. of whose ability t » pay
specie no doubt is entcrtauivd. would continue
to do so. She did pay a day after the I nion .
ami Planter-’ banks had suspended : but I re
gret to say finally yielded to the panic around
her ami stoppl’d. u »t from inability to pay. but
as a measure of priulencc. Her course i much
to be regretted, and an early resumption is in
my judgment demanded by the intvosts us the
State. By mamlainitig a linn stand, honestly
inciting all her 1 u_agciu< ut-. and at the same
time extending to her debtors every p.»- ilde
imliilgencc compatible wil t her safely, her
< haraetcr as a Slate institution of undoubted
credit will be maintained, audio the extent of
her means, to fiirnish a sound <-urrem-y will be
preserved. In the future management of that
institution, owned a- it is exclusively by the
State, and-upport' tl by the credit ot the State,
it should be a cardinal object, constantly kept
in view, to eontinc her operation- within her
menus., to meet her responsibilities promptly,
ami topreserve at all times her circulation in a
sound State.”
Our Nashville cotemporary may’ well be
struck with the perfect applicability of this
Me—age to the pre-cut troubles. Precisely the
same results have followed precisely the same
<*au-es. and precisely the same excuses arc now
ottered. First a Bank in New York suspend
ed specie payments, with the assurance to the
public that it is perfectly .solvent—then the
other Uity Bank- followed suit, on the plea of
self-protection —then the interior Banks of
New York suspended in order to escape the
drain of their specie to the Metropolis—then
the Banks, one after the other, all over the
country, do likewise —and thus we have in the
midst of unprecedented plenty and prosperity,
a sudden prostration <»f all credit, and a gene- |
ral suspension of specie payment, all owing,
as we are told, to the failure of one or two
Bank concerns in a single ity. V, c think that
there is no truth in the exiuse, and if it be true,
it only proves liow utterly rotten is the sys
tem. Mr. Polk, it will be seen, was much too
sagacious to listen to the miserable plea about
drain oj’ xpeeie, disposing of it with the terse
rejoimhr that it is one of the eunditionnoj
their corportdt pririleytx that they -hall k ip
themselves in a condition to meet their liabili
ties. I’hat is their contrarf ; they engage to
keep the specie on hand ready to redeem their
bills, and not in Xur York for the purpose of
speculating in Exchange. Ac.
Mr. Polk had occasion to renew the subject
in 1841 —upto which time the Bank- had fail
ed utterly to redeem their pledges, and were
*67/ under a state of suspension. Mr. Polk
made the following suggv -tions. and they have
as much applicat ion //v/r as tin n :
“It was hoped and believed, w hen the Banks
of the >tate -11-prn led the payment oi specie a
second time, near two year- ago. that it would
be of temporary duration. In the report-made
to the General Assembly at it la-t sc—ion by
the Boards of Directors of the I nion and Plan
ters’ Bank-, as-urames were given that they
were Hilly solvent, that they would be prepar
ed to meet all their liabilities at an early day.
and that they <on-idervd “their suspension as
temporary.” The General A—emhiy having
ailjoui ned w ithout any legislative action on the
subject. 1 regret to -ay that all the Bank -of
the State, except the Branch of the South
western Railroad Bank, of Knoxville, still <*«m
tinue in a suspended State. If the qiic-tionof
resumption be left to the voluntary action of
the Bank-, this state of things may (ontinuc
for an indefinite period of time. And the qiic--
tion arises whetherthe duty docs not devolve
on the General A—viably, as the immediate
guardians of the interests of the peojdc, t>»
adopt suitable measures at their present sc -
sion. re<piir’mg thos -institutions to return < a-h
payments. Whil-t the su-pciision continues,
the tax upon the active industry and labor of
the State. imp<<-cd by the depre iationof tbeir
paper is-ues. must continue to be borne, and
whilst the people are suffering the h— of the
amount of this depreciation, as they haved-me
for the last two years, it is undcrsto<»d that tw o
of our prin< i|ud st«wk banks, (the I nion ami
Planter-’ Banks.) have since your last adjourn
ment, declared a dividend of protit- among
their stockholders. This h s<> manifestly im
propcr. that 1 am constrained by a -disc of
public duty, to bring the fact to your notice.—
Principles of common justice require that they
should pay their debts to the community be
fore they divide profits among their owners.
During periods of suspension. Banks, ow ned
by’ individual stockholders, tempted by a tie
sire to enlarge their profits, often unduly ex
tend their business, and generally at the ex
pense of the community in which they exi-t.
Lliere is no sound principle of ethics, or of
public policy, which should exempt Banks
from the moral and legnl obligations which rest
upon individuals to pay their debts.
They are generally composed of .wealthy
'•apit.iii-ts. who have thrown their joint tunds
together, and under a legislative charter ol in
corporation. engaged in the bn-im " “t bank
ing w ith a view to make profit. I hey are usu
ally invented with exclusive right* and privi
leges which are withheld from the balance of
the community ; and in con-’nk-ration of thc-e.
they contract certain duties ami "Migatiou- to
the public, which they should be requird
strictly' to perform. The most important of
t hese, i* to pay their liabilities in specie on de
mand—and I recommend to the <’‘»n-iderat’n»n
of the General Assembly the necessity of mak
ing suitable provision by law to enforce the
faithful observance of this, as well as of all
other obligations which they have contracted.
Let a future day be fixed, upon which they shall
be required to resume, giving them reasonable
ami sutiicicnt time to prepare to do so, w ith
out oppix --ing debtors. In fixing a future day
for rc-umption. the occasion may be a tit one
to impose -uch additional restrictions, liabili
ties ami penalties, as experience may have
show n to be necessary to guar*! the public
against future suspensions. If the Banks have
violated their charters, the General Assembly
pos-csses the umlouhtcl power to impose such
restrictions, liabilities ami penalties, as condi
tions upon whic h they may be permitted to
continue the exercise of their corporate privi
; leges.
To -an tion by silence ami a< piic-cence of
the public authoritk >. rept at cd suspension-, and
often for longer periods of time, is to tolerate
a legalized fraud upon the note holders, as im
politic as it isunjust.’’
Mr. Polk continues at some length to prove
from the lessons of experience that Bankswill
Hut rex'-'me unless forced to do so by the Leg
islature, ami disposes very fully of the fallacy
that evil consequences w ill follow resumption
by the Banks of one State, while the Bank-of
the other States remain suspended. He docs
this by reference to the Banks of New \ ork
and New Etigland, which coiitinucc to pay
specie after the sii-pvn>’mns in Pennsylvania
and elsew here in October, 1*39.
ANDRE W JACKSON ON BANKS.
Elsewhere in our columns, will he found the
oninions us that distinguished Democrat, James
Pot.K. on the subject of Bax’Ks, and wc here of
fer for the consideration of our readers some
of the warnings of Axdkew Jackson, in his
Farewell Address to his countrymen. Wc are
rapidly forgetting the teachings of the great
men who have gone before us, and wc cannot
recur to them too often. Let us heed, says the
Nashville Union, the following words of wis
dom as though the patriot and sage still lived
ami was -peaking to us from the Uapitol.
"The severe lessons of experience w ill. I
douhtnot.be sutiicicnt to prevent Uongres
ti oin again chartering such a monopoly, (»*x th>
Hank' of the Knited Shiftx.) even if the ( on-ti
tutioii did not present an insuperable objection
to it. But you must remember, my fellow-cit
izens. that eternal vigilance by the people i>
the price of liberty ; and that yon must pay
the price if you w i-h to secure the l»lc—ing.
It behooves you. therefore, to be watchful in
your States as wed «sin the Federal govern
ment. ihe pow er v. hb-h the moneyed interest ’
can c\ei ’ c. v l;« :i concentrated under a single
hca I :Uid with our pic-ent -ysicm ol currency,
wa- -ntli' •••:itly «k i.n>i!-frah-d in the struggle
mad-.- by the Bank oi the 1 nited States. De- 1
fcatc«l in the irmeral government, the same
cda>* of int rigu-r- ;:nd politicians w ill now re
sort the Stat -, ami endeavor to obtain there
the same o vanization w hi<*h they tailed to per
petuate in tLc I nion.
:? * * *
“It is one of the serious evils of pur present
system of banking, that it enables one < !a-s of
society—and that by no means a numerous one
—by its control over the currency, to ac t inju
riously upon the interests of ail the others,
ami to exercise more than itsjust proport ion < f
inlluence in political aifairs. Ihe agricultural,
the mechanical, and the laboring clashes, have
little or no -hare in the dircc-tion of the great
moneyed corporations; am! trom their habits
and the nature of their pursuits, they are inca
pable of forming extensive combination* to ac t
together with united force. Suc h concert ot
action may sonictiincs be produced in a single
c ity, or in a small district of country, by mean*
ot’ pcr-oual communications with each other:
but they have no regular or active correspon
dence with those who are engaged in similar
pursuits’ll! di-tant places; they have but lit
tle patronage to give to the press, and exercise
but a small share of iiitluciicc over it; they
have no ciowd of dependents about them, w ho
hope logrow rich without labor, by theircoun
tcnance ami favor, and who are. therefore, al
wavs readv to execute their wishes.
;*** * * ♦ *
“The mi-chief spring* from the power which
the moneyed inferv-t derive* from :i paper cur
rency which they arc able to control, trom the
multitude of corporation.s with exclusive priv
ileges which they have sm-cccdcd in obtaining
in the diflerent States, and which arc employed
altogether for their benefit: and unk>* you
become more watchful in your State*, and
(•heck tlii* -pirit of monopoly and th’nst forex
chisive privileges, you will, in the end, find
that the mo-t important power- <4’ govern
ment have been given or bartered away; and
the control over y oiirdcarc-t interest* ha* pass
ed into the hands of these corporations.
“The paper money system, find it- natural
a*-oc a‘i *. monopoly and cxcln.-ive privilege*,
have already -truck their root-deep in the soil,
and it wi'd require all your effort- to clieck its
further growth. to eradicate the evil. I’h:
men who profit by the abii.-v*. and dc-irc to
to perpetu; tc them, will eont'uue to besiege
the hall- «4 Icgi-lation in the ( o neral Govern
ment as well a- in the States, and will *cck, by
every artifice, to m'olead ami deceive the pub
lic servants. Il is to yourselves that you mu.-t
look for safety and the mean* of guarding and
perpetuating your free institutions. In your
hand> i- rightfully placed the sovereignty ot
the comitry. and to you every one placed hi
authority is idtinnitcly responsible, it i- al
ways in your power t » *cu that the wishes (»t
the people arc carried into faithful execution,
am! their will, when omc made known, mu-t
-ooncr or later Lc obeyed. And w Idle the
people remain, a- I tru-t they ever w ill, niivor
rupted and uncorruptible, and continue w atch
ful and jval<»u* of tlu ir right*, the (iovcrnmeiit
is safe, and the (au-e of freedom will continue
to triumph over all it-< iieinics.
* * » ♦ ♦
“My humble cflbrts Lave not been spared,
during my admini-tr.H hi of the Govcrnnicut.
to re-tore the con>t itut -Hial currency of gold
and silver; and something. I trust, has been
done toward- the :i<-<*ci>:pli-hliicnt of thi- most
desirable object. But enough yet remains to
require all ymir energy and persev t rance.—
Thi* power, however, i- in your hand*, and
the remedy mu-t am! . ill be applied, if you
determine upon it.”
SPECIF.
In thc*c hard tinax it afford* us plcjistirse to
inform our friend* whec hard money (one ot
the grcatc-t <nrio*iti -of the day.) can Lc
found. Accordingly vv» «lip the followingfrotn
the < "lumbu- Enquirer
“Sfe< n: i’Avino Ban -of Geokgia.— For
the information of our more distant reader-,
we -hall keep standing a list (4’the Banks in
Georgia w hich Lave wit ,-loud the pn,*>ui’c and
distrust that resulted in the “suspension” of the
other Bank<in the State, viz :
Rank <>f t'olunibus. t paid in Capital,
Cominricial Bank us Bvuiku ick, “ “ sw,'hhi
Bank of Middle Georgia, “
All these Banks arc managed by men of
sound judgment, and first rate business capaci
ties, nnd w’ill continue to redeem their notes in
coin ns fast as presented. The Bank of Colum
bus has reduced her circulation slo3,*MKi. and
keepsun hand, at the present time, -omc SBB,-
000 in coin, besides $38,000 in bills on other
institution*. This Bank also, by the compara
tive statement elsewhere published, presents
the second best spcc’ic ratio ol any Lank in the
State.
The Commercial Bunk of Brunswick, (w hose
otlic er* arc well known in thi-c ommunity.) has
more specie than hills to meet it with, su there
is no need of its suspension.
The Bank of Middle Georgia continues to
meet the demands of hill holders with theglit
tering coin* and is determined to do so to “the
hitter end" of this linaiiclal suspension by the
older Banks.”
To thi- list may be added the Bank of the
Empire State at Rome :
Capital paid in. $153,600 00
Specie, 49,069 50
Circulation. 19,821 00
according to reported statement last spring.
W e call attention also to the follow ing letter
addressed to the Columbia “South Carolinian”
by the Comptroller General of South Caroli
na :
Co.MPTI.’oi I El! GENEI.’AI.’s Ofl’U’E, )
Columbia, Oc t. 28th, 1857. )
)/txxrx. Etiitorx : Allow me the u-c of yolir
columns to answe r the numerous enquiries
made of me as to the bank- of this State that
have suspended specie payments, ami those
that still c-oiitiniic to pay coin for their bills.
St'ypindttl Jhmkx.— Bank ot the State c 4
South Can»l’ma. Branch Bank of the State at
Columbia. Branch Bank of the State at Cam
den. South-western Railroad Bank, I’lantcrs’
and Mechanics* Bank. Bank of South Caroli
na. Farmers’ and Ex< hangc Bank of Charles
ton, Bank of Hamburg. Bank of Newberry.
Exchange Bank of Columbia, Peoples’ Bank of
Charleston.
Hauk* paying Spteie.— Union Bank of
Charleston. State Bank of South Carolina.
Bank of Charleston, Commercial Bank of Co
lumbia. Planter*’Bank of Fairticld. Merchant*'
Bank of Cheraw, Bank of Chester, Bank of
Camden. Bank of Georgetown.
Eleven of our Bank- have suspended. Nine
of them still continue to redeem their notes in
specie. Many misstatements have been made.
The above is reliable as reported to thi- oliice.
Other papers will perhaps do the public a ser
vice by giving thi- communication an in-ertiun
in their papers. As to the solvency of our
Banks, there is not one of them but have as
sets abundantly sufficient to meet their liabili
ties,
Very respectfully, your ob’t -erv’t.
J. D. Ash moke,
Comptroller General.
For the State Pre**.
Gentlemen: There ha* been no period in
the history of our Government, which so im
peratively deman !* the development of those
principles which have characterized the South
ern Right* Party, and none so auspicious for
their promulgation. For year* the Southern
Rights Party have maintained, the safety of
ihe South (L pended, not on party alliances with
other section- of the country—but upon the
dcvclopcmciit of our immense internal resour
ces —the establishment of direct trade and it*
reciprocal co:n n *rcia! r.d.iti »:i< b ‘t.vc :i our
Southern port* a:i 1 Europe. Tais alone i*
wanting t<> the South, that she may build for
herself comiiicrcial, soda!, an I political inde
pendence: and by this alone she m iv Lid defi
ance to the combined oppression of the world.
The pro lucts of the South have Lerom • a hu
man necessity, an imposing fact whicli is im
pressing it*c!f with resistless force upon the
thinking mind throughout t’.c world—an idea
becoming so forcible and gigantic, that even
dcliiTous mid fanatical abolitionism will soon
subside into low and wandering mutterings of
the insane few—who cry, down with the Bible
am! Christianity, if these support slavery. In
our cotton, sugar, rice, and tobacco, we have
four levers by whicli we can now move the
world, and unlike Arehemidc*. wc hurt a place
on which to stand. In our cotton alone, wc
have an element which bestows on us a vvoild
mov ing power. It i*an element of wealth and
power which ha- hccoiiic an absolute iiccc—i
ty, and for which nothing nmr known can
substituted. Imagine for a moment a single
crop of cotton stricken from commerce. Be
sides the loss of one hundred and ninety mil
lions of dollar- to the South (the price of three
millions of Lags at pre-cut rates.) what wreck
and ruin of countless lives and fortunes would
ensue ( How many millions and million
worth of machinery would lie useless and
worthless ? How many millions and mi!
lions inv f.*te 1 in vessel* vv hi* h woul I lie idle
rotting nt our wharves f What rountlc-sniini-
I hers of working people who now subsist by
the manufacture of cotton, and in manning
vessels engaged in it- trade, would be thrown
out of employment, and left to the charities of
a people deprived of the great source of wealth
by which help could come ? To strike cot
ton from commerce, would be to produce a
-tate of things truly appaling—a convulsion
which could not subside till the world could
find a substitute. Cotton, then, is a poirer.—
Shall it not enure to the bciiclit us those who
produce it ?
The history of the present monetary crisi*.
' corroborated by t!io*e which have preceded,
have proved to every reflecting man. nut only
the insufficiency of our present commercial re
lations. but an absolute and radical defect in the
system, by which the South, the money pro
ducing power, is made the victim <»f the mone
tary ruin and conv ul-ioii*. whicli she ha* no
agency in producing. The produce of the South
(•oih|m»sc nearly two-thirds of the export* of
our country, and the import- bought with
Southern produce, arc landed in Northern Ci
ties to build upaud enrich them at ourexpense.
The produce of Southern soil, should be ship
ped directly from our Southern ports: and im
ports rc*u!ting therefrom, >hou!d legitimately
he landed in uur Southern port*. By thi* di
rect trade. Wc shall *OOll be able to build up
New York* on our own >< aboard, for wc shall
have in our own hand.* the element* of wealth
now u>ed for building up Northern Citic.-. and
a power which can be controlled by nunc oth
ers without our con-ent. To give only a -in
gle example on which the mind may tix it*df.
in order tu rim out parallel*, and draw it* in
duction*. kt u- in-tam-c New Orlean*. The
export* from New Orleans annually, arc oiie
hundred ami titty million of dollar.'—the im
port* only fifteen million*. The I alam «•. one
hundred and thirty-five million-, enter North
ern port-w hich derive all the profit-from trad
ing on this immense capital. Suppose this
amount of one hundred and fifty millions, re
turned to New Orleans, and -he became the
centre from which this annual tide of wealth
were *lifiFu*vd. the effect would he beyond cal
culation : -he would grow, as if touche 1 with
a magic wand, and the country around would
1 |>artake in the same*glorious destiny. Now we
know the South i* the great producing power,
and sonrec of wealth. \Vc know, without
fault of hers, she is constantly subjected tomo
netary crises, which shake the country to its
centre, and unhinge* the whole fabric of trade
—and by the product* of the South alone, it is
expected tore-erect the tciiqile of prosperity.
Then, is it not time we should emancipate our
selves from this thraldom? Why any longer
should Northern stouk-jobbers. with their pa
per rail road*, and diagramatie cities and hianr
coal mines, manage and control our wealth,
and subject us to decennial ruin—men who
produce neither cotton, sugar, tobacco, or grain,
hut only theories, paper money and ruin. This
should not be so. Let us noir establish direct
trade, and import the sale of our produce to it*
own Southern ports, to he diffused throughout
the land. Our merchants, our planters, in
deed the whole public mind is ripe ’for the
movement. If the South would try her
strength—she can do so now. If our planters
will be firm and resolute, ami hold on for high
price*, site will force them. Cotton has be
come a human and commercial necessity. Mil
lions on millions are invested in it* m mufa •-
hire, and millions arc clothed and fed by it—
it is wealth, food and breath to so great a por
tion of mankind, that it cannot be dispensed
with if desired. < )ur planter- have a thoiis nd
specious reasons given daily, why they si. .-lid
xill theireotton, and all proving that price* n
trol cotton. These I think are all capric ions
speculations, ami must he swept away like cob
webs before the colossal fart, articulate with
meaning : Cotton is a necextity. an altxolute
indomitable n<ctxxity. A*k yoiiesclves the
question, i* it ‘.{ fact. i s cotton a neeexxity ? If
it ix so, then if it cannot he bought for loa pri
ces, it muxt he bought for higher. Why do not
farmers act in concert ? If they will be faith
ful to thelii-clvcs. they will soon be found l»e
--yornl the intimnee of panics, now produced by
the failing ofcvery Atlantic and Trans-atlant:c
>oap-l»oilcr. talluvv-chamlkr and penny ks
sfock-jobhcr.
Even now, whilst the South is furnishing
two-thirds of the export*—our political right
denied us—our slaves purloined and secreted
from us—Christian athliatioii refused us, to
what banquet do they propose to invite the
South? A ?» at ion d Hank find a high prohe
tire taritt'. Can the South digest thi- ? If so,
-he has in her composition more of the ostrich
and lc** of humanity than I give them credit
for. SoiTintox.
CORRESPONDENCE.
Wc have received the following note from a
reverend friend, and hope that he will excuse
ns for it- publication.
It- tone is -o different from that of the North
ern < lergy. and the course marked out in it is
in such perfect contract with that pursued by
some of our Southern preacher*, that wc think
it will receive the approbation < f a majority
of our reader*. We commend it to them a
good sound doctrine.
h> tit Editor* of th, Sf.if t
Gentlemen—l am much oblige*! toy<c . r
the first mimber of your paj»er sciit me. Ih
accept my thanks for placing my name, c -m
--p’imciitary. upon your list.
For while 1 fe< I it my duty 1 > -tarn! ;y.• I
from political sti i’e. lam d iron-us iv •.i: r
al! the information 1< an gathe r a-to the :. ?<•
of the country. Ihe t’mcin iy c >ire wla n v •
will t.'iH c called upon t > / •' in ’ eh.-df of • ar
native soil, —until then tlu. k•-.« th • . ksgy x
|>re*s them-v Les” upon c:vi! ami political
institution ■ the better.
We, a* ministers of the Go-pel. h ive not'.ii'.;
to do with men in their political, i-ivil, or « -
a! compart*— our comm’:— ion is to each indi
vidual man, a* our brother, to lead him I y oar
brother'- love to, realize and tru-t the hi r.
deeper ami purer love of our Heavenly Father,
our (io<l and Saviour.
Wishing yon success in your indiv: hiul en
terprise. I remain
Yours ic-jH < tfnlly,
THE LEGISLATURE.
The Legislature has been organized, and f. e
elections areas follow-:
President of the Senate, Mr. Ward of
ham.
Speaker of the House, Mr. Underwood of
Ftoy.L
Secretary of the Senate, Mr. Terhune < f
Floyd.
Ck-ik of the Hoii*e. our friend ami fU! a
town-man. Mr. Alex. M. Speer.
MACON BUSINESS CHART.
Messrs. T. F. MrElligott & Co., will i-:a
the above Chart about the 14th November.
It will Lc a valuable reference table tor per
sons having business in Macon.
Ji ijii.ee.—ls the name of a Post Ofli<c re
cently csiablishc I in Union county.
MOUNT VERNON.
A. 11. 11. Daw-on, of Savannah, lias com
nicnced his series of lectures in behalf of Mt.
\ ernoii. Our readers are aware that he has
been c<»mmis-ione<l by the Southern Matron to
canvass the State, ami deliver lectures, the pro
ceeds of which arc to be appropriatvii to the
purchase ami consecration of the home of
Washington, lie spoke in Athens on Friday
night of la-t week, ami we find the following
notice of it in the "Banner” of that place :
“Wc congratulate the ladies upon securing
the services of such an clo<pient. gallant, ami
energetic ( hampion. As long as they have
such ctlirient aiixilliaries. they med have no
fears of the “failing through s’of 5 ’of the enterprise.
Mr. Dawson has a fine flow of langmiga. ex
cellent declamation, ami is a perfect master ot
his subject ; these constitute the orator—and
such is he. We regret that we arc unable to
give a synopsis of hi* remarks. Wc are j r
mittvd. however, to extract the subjoined vio
qiiciit tribute to the noble commander of the
(' •ntral America. Alter taking the position
that Mt. Wrnoii ought and would be < li
veried into an American Westminster Abbev.
he said :
“And if on this high purpose-ucccss awa'.t-.
the voice of the country will no doubt call on
Monticello, Fort Hill, and many other sacred
spot-, to give up th* ir dead ; ami if old Ocean
would answer sin h a call, I for one would in
sist that in the corner set apart for heroes, the
gallant and noble llekxi»<»n should rest. For
his heroic devotion to woman in that dark and
fearful hour, when despair had driven hope
from it- throne in his brave heart, and inexo
rable fate had announced to him amid the
hoar.-c and angry wailing of the tempest, his
inevitable doom, speak “trumpet-tongued to
the whole world of the God-like grandeur of
his soul.”
Mr. Dawson has determined to devote the
winter to the cause he ha* espoused, and wc
hope soon to announce his lecture before an
Augusta audience.— Auguxta JHxpatrh.
The Ohio return- make certain the election
of Governor Chase, and Democratic majorities
in both branches of the Legislature. Ihe Re-
• publican* save their Governor with the loss of
I IJHH) vote-, and the Democrat* gain both the
Semite and House.
NEWS ITEMS.
Al’l’oixTMEXTS BY THE Pl:ESll>ENT.—Joseph
Ganald. attorney of the United States for the
district of Georgia.
John M. Harrell, attorney of the United
States for the eastern district of Arkansas.
Baxk or Gkei xsnoi:or<;n.—Judge Cone, the
former P: sklent of this Bank, announces that
he will redeem all notes signed by him as Presi
dent. cither in specie, or bills of our city banks.
—Avguxta Itirpatch.
Coxoi.tssvjen Elected.—At the State elec
tions held in Pennsylvania and Indiana, three
members of Congress were elected to till va
cancies caused by death, as follows: In the
twelfth district, Pennsylvania, Paul Leidy, de
mocrat : in the second di-trict, Indiana, John
1.. Niblack, democrat; in the tenth district,
Indiana. Charles C ase, black republican. No
political change.
Ex-Governor Andrew Johnson and Hon. A.
O. P. Nicholson have been elected by the Ten
iivs-ce Lcgi-lature to succeed Jas. W. Jones and
John Bell in the I nited States Senate.
A Telegraphic dispatch from Washington
to the Journal of Commerce, on the 26th of
October, announces that the administration are
opposed to stopping the expenditures on the
public work*. The President insists up*»n con
tinuing operations.
I he Baxk of Chestek, S. C., has not sus
pended, nor is it likely to do so. We had no
desire to injure or misrepresent that institu
tion by placing it among those Banks which
had su-pended, a* we did in our last. We
prc-uine the card of the Stockholders, and the
rcfn-al <4 some of the Charleston Banks to re
ceive it- bills gave rise to the impression that
it was among those which had temporarilv
ccn.-ed paying specie.— t'amdt ii Journal.
Ihe Bank ot Camden. South Carolina, iri/l
md su*peiid specie payment. — fb.
At the special elcdion for Senator of Bald
win comity, 011 Wednesday, J.. 11. Briscoe,
Esq.. Democrat, vva.s elected over E. D. Brown,
Esq., by eighteen votes.
The Albany Patriot says the cars now run
to within two miles of Albany, and were ex
jn( t< 1 to reach that city by Saturday. The
biisinvs- of Albany is improving.
TI - follow ing is taken from the Austin (Tex
as) Intelligencer of Oct. 21st. It will serve
to -how emigrants to that State what cheap
lirii y they may expect:
Provisions.—Several loads of corn havebecn
-old *1.75 per bushel, and sweet potatoes at
x2.*>o per bushel. We’ll cat some cheap |»otfi
tocs yt. Butler i- silling at 2<> cents per
pound.
< >i 1 !• •al Vote of Pennsylvania.—The of
ficial v. t • tor Governor, at the late election in
Pennsylvania, i* as follows:
Back. t . Democrat. - 185,*77
Wilm< t. Black Republican - - 14i>. 145
Hazh hur-t. Know Nothing. - - - 2*,277
Packer's majority over Wilmot. 39.732; over
Wilmot and Hazkburst combined. 11,455.
The Legislature stands as follows:
< )ppositioii. Democrats.
Senate, - - - - (2 21
House of Representatives, 31
43 90
41
I'cn;o( ratic majority on joint Lallut. 47
I hi- i-. indeed, a mo-1 glorious record—af
fording the n o-t s::ti.-fa< lory evidences (4‘one
of tin- mo-t siib-lmil al v ictorics ever achieved
tin ol Pennsylvania. A', mshing
ton I nion.
The l.< . i -latiil’e assembles and opens it* ses
-ion In ;c to nionuw. Thu t’r-t day will Lc
coiisum.-d in it-organization. The next (Thur—
da .) tin Govern r's Message will be received,
and after it i- read, the vote for the new Gov
, « : ::or <•• ;.<!. I on! and announced other bn
•ine-- may ai o |, v tfaii-a- bd. 'i lie imiugura
! >ll i i (o>v. I rown will take place on Friday .
1 •ihn.cd by a Ball at the Milled revillc Hotel at
liight. Is' rot tie r. ih*t.
19Z YOUNG FOLKS.
How many of lac “young one-” are smart
c. lough to :ic*- thi- Riddle:
A ■.■c 1 • hniaii I.let a Lu’y and said to her, “ 1
think 1 know yon.” She replied, “you ought
to know me. for your mother wu* my mother’.'*
only daughter.”
Now. what wa* the relation between them?
Wby can’t a Shoemaker cat Ids leather
apron ? B> c.-msc it got* uguinxt lux xtomach.
“I noticed in your.lnly number some anec
dotes of J ' k;'a < h -d. <4 Georgia. I send
. you a brace besides.
“’Don't you think.' said a brother lawyer to
the Judge, ’that.lim Pierson is the greatest
liar of a iawy 1 r that yon ever saw f
•• • 1 should be sorry to say that ot brother
I Pierson.’ replied the Judge; ‘but he is cer
l.iiniy more economical of the truth than any
other lav.yer on the circuit!’ ”•— Harper.
A young friend send- us the following Enig
ma :
I am compo cd of 27 letters.
My 21. In. 13, 13, 25. 21. 1, is an ancient
historian.
My (», 20, 24, 10, 17, 19, 6, is a Lake in the
Northern part of the United States.
M 12. 22, 10. 13, is, is a div ision of Europe.
My 20, 9. 8,5, 17, is a large river in Africa.
My 2. 6, 11. 3,7. is a renowned Poet.
My in, 4. 13. IG, 21. 21, is a lady’s greatest
enemy.
My 15, 18. 7. 27, is a city, w hich Alexander
bc-icgcd seven months.
Mv 25, 2G. 10, 2, i* a Tcrritorv organized in
1850.
My 11. 23, 20. 20, 14, 27. is the name of a
1 Lcaut'fiil lady.
My w hole is an Institution w hich Georgians
ought to patronize. A. R. IL
w
TKSE2 DAYS LATER EROM EUROPE.
ARRIVAL OF THE INDIAN.
COTTON DE< LINED.
(j! 1!: <. Nnv. 2.—The Steamship Indian has
arrived with Liverpool dates to the 20th.
The -.•les of Cotton for three days rewhed
lo.oim hales. A decline of i-lt>d. to l-Bd. is
reported, with a dull market.
Hie Hank of England has advanced the rate
of interest to 8 per cent.
I he pressure ill the money market contin
ues.
Wheat was firm for prime red, other quali
ties rcin.-nncd unchanged in prices; witli a dull
market. Flour was steady and corn heavy.—
('olisuls v.'.Tc quoted at *■* 3-8 to 88 1-2.
Itu hardson A- Spencer's circular states that
the advii • - from Manchester were unfavorable.
Wheat de< line I fid. Corn was firm, and all
qualities had slightly improved.
ARRIVAL OF THE ARAGO.
MORE SPECIE.
New Yoi.’i. Nov. 3. —The Steamship Arago,
1 from Havre, has arrived, w ith £2O<),OUU in
specie. Her dates are also to the 21st.
STILL LATER FROM EUROPE.
Canada arrived. Cotton declined
| (Limy downwards.
