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About State press. (Macon, Ga.) 1857-18?? | View Entire Issue (Nov. 5, 1857)
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.
