Newspaper Page Text
By Cubby. Jones & Kkkse.
MACON, GEORGIA, SUNDAY MORNING, SEPTEMBER 28,
Number 6,732
THE DAILY TEIESRAPH AND MESSEN6ER
0 elti\rnpl( csscnqtr
NO PANIC.
Canals Once More,
avannuh Morning News is terri-
xnnm in its adwa?y of flhe Gulf
.y l.»r. H • U'learon to
itli the Dare and run with the
by Maying, "if, in our advocacy
**t line route, we have carefully
i oowporiaor. of the utility of the
it u because we have desired
mliunierKtoo'l as opposing the
Xow t jjtj one knows that the
construction of both of the projected
routes w simply imjioaaible, and that pub
lic opinion iau*t be narrowed down to a
^hoice of either one or the other. ITt-nce
ovrty line that hiu escaped the pen of
c»ur contemporary, and the views of the
lifttin'fuUhed gentlemen ho would fain
not to hi
canal/*
o longer possible, by adroit subter-
and the tricks of speculation, to
these huge mbney obligations afloat ! Thi5
i that t
THE GEORGIA PRESS.
Thi
Son is of the opinion
and even in request, as saf«* investments. I ^ 8Ua T ens hm of Brown. Lancaster
In other word*, the bond bubble had j 4 Co ’ ** Baltimore. wiU stop all further
been pricked, and the comparative worth- ! woi * c on *** e S» T “ 1 “h and Memphis rail-
1 corneas of these parchment raluca ex- j at least,
posed. lVith the <Wii«»«al. down went ! Tux .ame paper puts the following eery
Jay Cooke, Henjy Clows, and the other 1 im P ertin * c ‘ 'l uer 7 :
magnates who had managed to foist upon ! < t AX T So*™™™ nx Doxk fob thb
the market these bogus securities, and j S ^ m ?-The Fede ™ 1 GoTernmcnt went
for year, grow rich upon them. j;, e rt
And ni>w, what is the moral growing >. »t! ..Tonic amaiJad. By the
out of this catastrophe? The lessons in- **) e—vurchu.? of'C:-0 lends and the
1 authorised issue of loan certificates, it
BY
TELEGR VPH. I - >llt>XIGHT mseatches.
The Situation in Cincinnati.
under the saw, had nis head sawed en
tirely open last Thurs-lay. Although the
horrible gash reached from his mouth
through the centre of his head to the
back of his neck, he lived fourteen hours.
Thk Panic at Savannah—Scene and
incidents of the Run on the Banks I mejjrovernmeni; naa j The adoption of the resolution by the
ox Th cesdat. IVe find the following in J be done fo“he rebefof affi^M^n'o' 1 Ch ? mbe ? °- f Cq-nmerao commending the
DAY DISPATCHES.
Interesting from Washington,
• Cincinnati, September 27.—The finan
cial situation to-day appears to be im-
!>ri>vt*«I. At the olo«e of busine
. ~ ~ provea. .at me close oi onancsa an im-
. ... ® T0 ^! ptember -7. Since proved feeling was plainly manifested,
the p.vitivepoheyof the Government has . Tho lldo p tion of tht ! resolution bv the
ction of the Cincinnati banks, and ex-
| pressing confidence in their management
®d asking them to extend all possible
the News of Friday: J one seems disposed to pay for dispatches
The uneasy feeling that baa been more j advice to the Secretary of the Treasury.
Ttlv and aunostlr to the relief of I le3s > ,reTale,lt “ Duanes* *j nce *?- I accommo&tion to commeroo and mauu-
- . "i' . r tbe MU^yceny^ of the crisis iniewj««» of cnpptcl national banks i* • factnws of the city appeared, in itself, to
* 1 r - ■ “ I York, andI Which was mcreased by there- i m ^o d - Yb*y are lucrative places | prove tho feeling ^ ^ members Toting
ports on IN ednesday of a renewal of the ! “ e Government drafts in Clews, Hab- Tjpon
panic, finally communicated itself to the | . & Co.'s hands will bo honored by There is no particular change in the
Cooke, McCullough A Co. Beyond tins „r
.Tri r , public at large, and on yesterday there
contr.bute.1 many millions for the rehef w« a run on the savings departments of
of a tightening money market. It has 1 - - - - - - — 1
- all nail,m Che
*md yesterday w
calcated are briefly these:
No railroad, canal, or any other pobli,
work should be undertaken, either by the j only failed so far becaose the panic proved I corner
. . State or private enterprise, unless the I to be too “big a thing” and the disease Southern
place in the van as the champion* of his .means are Mfwn'nr to construct it ! ,ri 4 e f 'P re »' 1 - now cannot some- an( j also o,. ,
bile fostering If the project i. a -v t'.'v on . and Hkelv I dc«efor the pmpU ot the South- the mornin „
orofit b!„ ■ w'rfi « LV h * r,1 -' ro ) |' lnn ? non-spjcnlatingpeople, L, huge, composed almost entirelv . Many emplovees.m raetones inrerestea ; i^-W Some of thdbanks re
profit ,bb til will ndt be who. have had nothing to do with the of [airing people and those who had “ materials have been disuharg- port iiavim^dve,l^muchour-m
«o compb** it—otherwise' it ■ "®tting up of the panic ? Money is need-1 smal , amounts dci>os;t>id. While the ex- ^ others have struck on account of ' ^ - mg received as mucheurren,
b*n"t at 1 To r i im- v . ' to , buy V- !e cotto ", cro!> ’‘ Uld the citement was at its height, several of the wa tf es and hours.
■w i 1-- r+r r ■ ■ > T ' or Is * ^ ^ r<befitRIKl most «ur^ioos business men in The General Policy of the Banks.
...1,r-;.,*uV. : ,y t,:
people md burden tliem. I *•** to “d tlu3 people? Are they
l>et acherce, are intended,
it* claims, to UU
jfrijecl. But it i
to make this avowal, when it
41 that nine-tenth
gii favor the
i of ■
: t y, ,
lea. in every depai
t/,n. Our honks he
nd, paying every d>
apon them, and roc
reoly. Nothing like
upon any of t!
the belief is now general that they will Ut ' Te himwlf on Tot
ride ouj the etorm in safety, and there ™ r ' °“ r fneI ’ J of th,! 5 ‘
will lie oo siwj.raiesn. The receipts of
cottoa, too, continue large, and it it cur
rently reported that purchaser, and
money too will soon be here in abund-
ance. The outlook on the whole,then, is
doddedly eh««Ail for which, toes lire.
The I
i, ••
mg *r a compact rep.
ivicnt.itire liody. It does not represent
even t >e tilot In one Stall a Senator
is eliasen by thi" money of » railroad 1 in
another l*y hie own money. One Senator
is known to be the agent of this interest;
another as the agent of a second interest.
N. shrewd railroad manager will be with
out his Senator. We eh-uld not like to
xuess at the number on the hooks of
a Durant or Dick
^ " know who represents the
Bank of California; wo should like to
know all who were owned by Jav Cooke
and the Northern Pacific. '
the old Senate has departed
HOMO greedy, selfish cliques. There is
■mall but mainly a feeble class of respect
able men like Frclinghuysen and Ed-
nu,n !< and Anthony. Then comes the
■ rr..,. . Ins*, with carpen
ter, Morton, Chandler; the moneyed
dare, like Cameron. Hamilton, 8prugue
and Jones, and the drift of adventurer,
from th- Southern State.-, from Florida
and Alabama and South Carolina, who
presnmo to sit ill tho seat* and vote
therosclvetack pay as tho aucoesaors of
Joliu C. Calhoun, Felix Grundy, J. P.
Benjamin. Bobert Hunter and John C.
Breckinridge.
Thus the Herald. A higher or jnster
tribute was never paid to the Democratic
party. In the glorious past when that
]»rty controlled the Senate and the
icmntry. Senator i represented States.
Now thoy re]mwent eveiy tiling else, ac-
curding to the Herald—money, railroad
monopolies, gnarly corporations, the ig
norant. debaecl suffrage of the Southern
blacki whose votes have been bought
with mean whisky un,l stolen money in
order thni th. buyer may sit in the Sen.
ate and sell out to the highest bidder to
reimburse himself fur tho outlay. Fancy
one of the'• slave oligarchy,” one of the
* red handed traitors" who sought to de
stroy "tho best government,” etc., dar-
ir ( h L , si*?* hh v* r *
over him as now envelope, in a cloud of
thick infamy, the hraxen fronts of some
of the most jgominent leaders of the
Budieal party, and Grant’s most trusted
and potted friends and counaellors in the
present Sena jo!
The naUlgnnnt tongue of Bmlinalism
may clothe the names and momorie* of
Toombs. Benjamin, Mason, Hunter,
Breckinridge, K. W. Jolinson, Clay, Ches-
nut and Davis, with a garment of ourscs.
but thoy can do no more. They cannot ] bay
charge that
political osso
like the piot
sanctified (’<•
their “traitoi
well, of Kan
expulsion ev
? subject we h
,ny of Col. Frol
e of tho Atlantic and - Great Wcrtern
lal, wTio asoiured, us that the Prosi
lt wan oatspbken in its behalf. Be
es this, time and again has the Exec-
roeonl in its la
ws ring, the
Change., upon the fact that tho great
bsulerof the Federal armies, who thought
nothing of butting against the defences
I of General.Lee, content, so long as he
I lost only two men to one Confederate, “to
I light it out on that line all summer,** wse
j in opposition to the humble writer of this
I article, as to the value and . ilnerability
| ,>f “the uoa»t water I n It is very pro-
snmptuous we know tagt to differ with
one so rllnstrious, but, militaiy science
aside, comm •« , o r. teaches that a canal
skirting hur inula of mile; of low and
dangerous uaai, would be constantly
liable to be destroyed by the smallest
hostile corvette, or even the armed pin
nace of a man-of-war.
IV e arc accused, too, of “dealing a
glory of I bl “ w ** 11,8 coil roads,” by the statement
have that after tho grain hud reached its At-
those ot the rival I to prov
Id not be “healthy" j wanting t,
patent to I shonM rot
f the people of Geor* I men. e i in
»t interior artery which which son
oioeessfu^ykhe vast re- j swindle tV
' cv.-ufially. wit', into!, -able taxation,
of G men! Grant pa j sho^g vast und-rtakin ^ jrf tbi- na
tve the positive tusti- I on res-/;/, mu-t remit ■’a distress ami
d, the able represents- j ore to those who cmlcirk in them.
I sing Foreign Exchange for Currency i
—Dry Goods All Right. I
Me make these extract-! from the West-1
ern press dispatches from Nejv York,
published in the Nashville Union and
American, of Friday:
A number of the Foreign Exchange
bankers in this city have suggested to
the government at Washington the pur
chase of foreign exchange as a measure
of relief for the stringency of the currency
market. The suggestion is said to be
now under consideration by the Treasury
officers. The following explanation of
the terms of the suggestion is made. The
foreign bankers of-New York offer these
is to the Loan Committee of the
In
leas worthy oL its assistance than
the speculators and gamblers who pro-
dn<-e.l thd enuh ? • -The Government vir-
il-[ t Rally prohibits our people from having
State or local banks disconnected from
j one of them or of their
date* ever sold themselves
■ llarbui, or lied like the
fax. There was no place in
ous” ranks for such ai U-lo
ad, who redige to escape
nbyK- b al rotes for buy-
in th
meh ns I
of Orscc
: polk.
• ate
rt* and tb
id
ato; or
;in aliitri
} felons’
do.:k. sritU two
th* collar of a railroad rin^. They nay
have drank, and dice.!, and liml ungodly
lives, but it wa* all open and above board.
Tliev never pretended to be saints while
wallowing in vice—behind the door; and
t hough their morals might not have come
up to the Sue.lay standard of New Eng
land. their hands were clean and their
l.cartd true to the right a* God gave
them to tee it.
\\V thnnk Hooron th:it lot win* will
write the hi-tory of the Senate as it was
from tho formation of the government np
t i u , (lir.solution of the Union in 1S81,
these things ouinot bo gainsaid, nor this
record efface,L It is a proud memory to
the South and the Democratic party, a
precious legacy that gold cannot buy, nor
'all the power of bate, and malice and
falsehood wrest from those to whom it
The Finam ial Situation at ( liaide-t»oi.
ibl News and Courier of Thursday
l Chari -ton is decidedly
(antic or Golf terminus, it would be still
subjected to their onerous tariffs. But
the truth is simply the Inifh, and
if there be any “blow** in the prem
ises, it falls upon the poor farmer
from the other side, in the shape of
the aforesaid heavy impo-ition*. Now
we are fully aware that “ it will cost no
more to transport grain by railroad from
Boinbridge and Albany to Macon or
Atlanta, than it would -o t to transport
the same grain f.o.n Mueon or Atlanta to
Boinbridge end Abtany.” But wo sub
mit that Atlanta, Macon, Hawkinsville,
and tho whole line af the Atlantic and
Great Western Canal in Georgia, is much
usurer to tho faruiing districts, and the
consumers of Western produce in Geor
gia, than either Bainbridgi or Savannah.
Indeed, a large proportion of the grain
could be received by the wa yons of the
planters, to very central is tlie proposed
canal route. And when it must lie dis-
trilmtol by r i9. then a half doxvn roa Is,
instead of car or fan, are ready to handle
it, and the distances to he transport'd
will be nmuh shorter than those from the
coast, as a point of departure. But we
disclaim any opposition per s* t.^F-aieap
muds, though an advocate
In a former article, our contemporary
asserts that "high decked and wide gmirel
river hoots” do p:iss through the Missis
sippi sound from tho "new basin, at Now
Orleans, to Montgomery and Selma.
This may be so in occasional instances,
and during favorable stages of wcat.ier,
but would it be wife to subject vessels of
this character e ery day in the year as
regular canal boats of burden, to this
ordeal ? When a fleet of these vessels
been sent to the bottom in .-.omo
gale as that whi-h destroyed St
I Marks recently. f.u futility of relying
I upon «n ;’i t.nnsportatiou will be suf-
I tlei.-x.tly demonstrated. So, too, his
I contemptuous sneers concerning tlie
"shallow and small work of the Great
MV-tcrn,” and it* inferior capacity, are
met with the opinion of the officers o, the
United Stat -s engineering corps, who de
clare that “it,” the canal, “will have a
carrying capacity equivalent to fire Erie
Canals." Oar engineer editor, in his
ipntations, likewise ignore* the fact
that it is propose.! to propel tho canal
boats of the Great Western by »fr*» in
stead of mule and horse power, thus ut
terly distancing those huge "high deck
boats” on their perilous voyage of sev
eral thousands of miles, from St. Louis
to the Atlantic.
We have seen too many cargoes o
corn landed at Eufaula from New
Orleans, in a heated and damaged
condition, also, to acquiesce very readily
in the assertion that injury to grain in
its passage through hot and moist lati
tudes, is an “exploded idea.” Perhaps the
cargoes be refers tons "crossing the equa
tor twice.” etc., were kiln dried.
Butinthecondnding portion of his late
article our contemporary insinuates that
our advocacy of the Atlantic and Great
Western canal, and opposition to the Coast
scheme, is the result of “hostility to Sa
vannah.*’ The writer can afford to smile at
of his grand-
This has proven miformlv true in ! m l i r 1 ' lmnlin »’ syste “* t . he
j national banks union jr us are wholly m-
r ^. OI I >inrnent kind made in • adequate to the purchase of the crop with
Georgia, Tennesse and other States. Our [ their own money, even if their eonnec-
people are to-day groaning under the i tions with Northern banks did not re
fatal policy of extending State aid to on- •£ ict V? 5 " fre *.’‘ ,0 “ to , *°\ They are
fn „,. . o. , , . . ,. . . ! thus drawn into a whirlpool for which
x> M nic ^ ‘ nve ^ ro ^ cn ^ l<nr j they are in no way responsible, and must
tore, and now threaten to be a burden ! suffer equally with the mad guilty specu-
for years to come upon the State. For it i hi tor;, if something is not done for their
should not be forgotten that legislative : peKef - U the Trwwur ^ Powerless to op-
f-DK an*« wvV 1 • . x , . -s. , crate m the South for the protection of
faiUi once phghted, is not to be tnflod it , ^ it opemtes in the North
with, or repudiated at will, and every j for the relief of the speculators ?
promise of aid formally made to a r\il- I The "Millers.* Association of Georgia
road company, must bo redeemed if the j and Carolina," after electing officers and
terms of the agreement have been faith- j offering a premium of $100 for the largest
fully observed. Again,the habit of issuing ; yield of white wheat on twenty acres of
ooimty or dty bonds for the payment of j land, and the f.iuio amount for the largest
railroad subscriptions and tho erection of j yield of red wheat on the same number
public building.-*, though sometime;- ex- j of acres, appointed a delegation of ten—
podient and justifiable, is very dangerous, Mr. G. W. Burr, of this city, among the
as it legitimizes credit opemtions by the number to the National Millers’ Asso-
the . b y fa -, , r ^ 1 ‘ s cadence of confidence j all the Northern and Western cities have
contributed in a measure to allay adopted conservative bankrupting meas-
the excitement. Tue run on the Savan. I nm.,. —a: *.
the excitement. 1 he run on the Saran- I ures. Of the voluminous diimatches ro-
T*Company ^ceased j ceived here the follovsing is the most
^ - 7-1 frank and significant: %
Milwaukee, Wra., September 27.
whclesale, and demoralizes the people.
Funds thus easily raised are very apt also
to be squandered in their disbursement.
The only safe rifle in public and private
affairs is to stick to the cash system.
This alone will keep corporations, com
munities and individuals out of debt, and
reduce taxation to the lowest figure.
The Feeling In New York on Tuesday.
From the Dmld’i mooey article of I it formed a leading topic of conversation
ciation, which meets at Chicago January
14,1874, an*! adjourned to meet at Atlanta
on tlie third Wednesday in September,
1874.
Tin: Panic' at Augusta—Rn& on the
Banks.—From the Chronicle and Senti
nel. of Friday, we copy the following:
Some days ago, when the suspension of
tho great banking house of Jay Cooke &
Co. became known to the world, although
Wednesday—the day after Clews’ failure 1 in Augusta, uo apprehension was felt that
naturally
city there HHE svi
make the lw*t
failure*
topi u*’ .
tight, and the wholesale prom
is nearly at a standstill. There U a fair
inquiry for cotton at low If®* but thi
ditWalty in narotUtra* cxoiun.ro binder*
o.l defer, the relief which war
l nl.,1 for. Throughout th.
-..{..termination to 1 years man an
, infr< . identified with tho city of Oglethorpe, and
»1 the cit' ' lias written more, and labored harder for
.'l. ninn-b »i:ix her fararret*. than *or any other spot on
itude. Th.-re is very 1 And, to-day, h* will not admit
' • -* editor of the “Newa”
ardent affection for the
—we make this extract:
Wan, SraaxT, September 23—fi p. x.
Until about two o'clock today (jiicrc
was every reaam to beUve that the worst
features of the pending financial Crisis
had fully developed, and, so far a* Aew
York is concerned, nearly exhiiu.to. 1 (n-iir
influence. Confidence win. retaining, the
prospects were reassuring and settle
ments were favorably progressing. £ven
the street transactions in stocks, irregu
lar and fluctuating as they were, oeto-
konod a feeling of improvement. Prices
were stronger, and men with money
in their pockets bought boldly of the va
rious securities, and certain of ultimate
reward. Nor is it probable that these
will be disappointed. It was also autici-
puted that advices would be nv.ovsl
from distant cities announcing the sus-
I> -nsion of firms dependent upon their
metropolitan connection*. These nat
ural incidents of our panic, therefore,
did not pro-luce the strongly depreit'ag
effect which might have result-j sit
unother time. After two o’eloek, l.oiwev-
er, it was announceil that a large and
well known banking houseon Wall street
is? bet*n compelled to odd itd name to
the excitSflltW"tJlw,»^TOa. from
Kerorta now followed each other thick
and fast. Banks, brokers and merchants
were all jnmbled miscellaneously toget-i-
er in one vast cornucopia of exaggera
tions, which was emptied greedily into
every crowd that would stand long
enough to catch the shower. Chicago
was heard from. A treue n toils run on
her banks wa* going < u. Peteralrarg
nnd Riclmion 1 iuul coliajised. The Penn
sylvania C n’ ral itailrood was “m cHr.nc-
e'rv, * :ud »o the news from various quart
ers piled up until, if one believed them,
xt seemed as if the bottom of the country
had dropped out, universal liquidation
had commenced and the skeleton of Bank
ruptcy was beginning to make his grand
rounds. Abont an hour later, dispatches
came from the West annonnexug
"There is no panic in Chicago. Bank*
are promptly meeting their demanas and
a confident feeling exists.” The tidings
from Petersburg were bod enough, but
whenit became known thattho excitement
was chiefly local and largely due to the
speculations of another syndicate xn rail
road bonds, who had been tripped by the
same trouble, that have hurt a few kere,
the misfortune was contemplated with
calmer feelings. Naturally, such an
event will create commotion throughout
Virginia- may affect aevcral more of the
banks of that State, and possibly extend
the influence of the crisis, but from pres
ent appearances the evil J s of a local char
acter. and only remotely traceable to that
which exists here. M'hile the improved
feeling of the morning was somewhat
modified by the later events of the day,
wo ■“»" deeciy no new elements of the sit
uation that might not have been expected
to prerent themselves among the logual
events of this extraordinary crisis. Dis
trust, alarm, “runs” upon banks, the
hoarding of money, the suspension of ac
commodations—oU are incidehta of panic,
and while Now York continues to be the
financial centre of the nation we must
expect to see here and there, the down
fall of on institution whose credit athorne
is dependent upon its strength here. Bat
there is a bright side of the picture, and
it has been already presented and rep
resented in these columns. Up to the
present hour, with one or two exceptions,
our te-nks have stood os firm as rocks.
The Loan Commiteee of the Clearing-
honse have thus far issued to them
SS.500,000 of certificates, and, it is confi-
.1, ntlv asserted, will enlarge the amount
originally agreed upon—to-wit, SltkOOfi.-
hS* and controllable
it would in the least affect any business
interests here. But day after day the
wires were freighted with information of
suspension upon suspension, money be
came gradually tighter, and even cotton
finally failed to find ready sale. The
stringency increased each day. the dis
counting of the best mercantile paper
ceased, and at last several of our banks
were compelled yesterlay to suspend pay
ment to their depositor-, the amount of
available funds being cxnaiuite-1. Shortly
after nine o’clock it was rumored that the
Merchants and Planters National b.mk,
Charles J. Jenkins, President, an.', J. S.
Beau, Cashier, and the Pianteiw' Loan
and Savings bank, Charles J. J. nk-
ins President, end T. P. Branch,
Cashier, had suspended. This soon
proved to be correct. A rusn was made
on the two banks, both in the same build
ing by depositors, but payment of id!
checks was refused. The officers assured
all that the banks had much more than
sufficient assets to meet ail liabilities,
but there was no ready mouey to payout
We obtained 4bo foflowfug t f.-.t —n.-nt of
the condition of the two hanks:
Merchants' an.l Planters’ Nation
al Bank. Amonlit due »icj*os-
Uf” 375,000'’
Stocks an.l bonds... ♦5,000
Surplus *
Profit an-1 lo«ea ac*xJuot
Dcmnml kxuiu
Profits on discount
about half-poat tvr^lr.* o’clock. During
the run upon tho institution. Mr. Hutton,
the manager, maintained his equanimity,
and, with a hum pile of currency from
which to make his selections, seemed pec-
fectly indifferent to the consequence. His
thoughtful composure would occasionally
break into a smile of apparent gratulation
as he casually remarked that the Bank
was savin" one and a half per cent, on
every dollar paid out. At the Southern
Bank the crowd was much greater. At
one time during the morning the side
walk was impassable. In addition to the
run on the savings department of this
institution, there was also a run on the
bank proper. In the directors* room,
Captain M-Mahon, the Vice-President,
and Colonel Anderson, one of the direc
tors, watched their scared depositors with
feelings that appeared to be wavering
betwee n amusement and nonchalance.
One gentleman, it was reported, bought
a fifteen hundred dollar certificate for
twelve hundred. One party sold a check
of eighty-four dollars for eighty, and we
suppose there were various transactions
of a like character. Various offers of sub-
15.000
33,000
20,000
U.ueu
such a charge, for the bone
are .till moulder near the Spring Hill ^ M . ..
doubt, where he feU in defence of Savaii- 000-to any reasonable and
nah in 177S. and one of the most beauti-
f til streets of the city beara his name.
Almost to the manor born, too, for forty
been thoroughly
ontlnxu
ml pre
little IfliW
the pu
nvnev m x u* hands
*liU>r» *ad debtor*
ilf wav. and there i* nc
di*. I chcrune
ywition to take oaIva
fuled
mlMRMMMBl proai
a tbe North.
llCtel 1
0,11. : r .'ll Ai.u*
sy Nr
*r 27,
Ihj aairchMf of J
our ci
to mi albert .'
client
uxunoin e*iu-H** . * -
let the eilitiou next
4 and mor
All Tk'P*’
i nj impro
-v- oi mo icmpo-
by the
1, with
timself than the depo-
^ ,»red by th«
-Ution wiu ne aHtto j oral, while Sax
-j- * ” '"drill” and “lull plant- j alike by e..—, r.
11 afford aslieodid ’
« * mow
city of hisadopti*
nent. We crave the indulgence of the
reader for the above pe:
which were only elicited to repel the
,.j attack of our contomporaiy.
In conclusion, we simply add that we
do not believe that tho proposed Coast
Water line prate— the wune advan
tages to the country at large, that are
construction of its interior
uah will he teinefftted
figure, should the exigency so demand.
Ther liave thus been enabled to extend
generous facilities to their cmiomere,
and these, apparently, have not been
abused. The Assistant Treasurer to-day
purchased *3.200,000 of bond*, making a
total for three days of J9.271.330, which
has likewise gone to swell the volume of
credit and greenbacks. The savings in-
stitutions of the city' have also shown
commendable strength and prudence in
withstanding the "run” upon them of a
class of depositors always first to mani
fest alarm, and it is believed possess as-
— . sets and deposits far in excess of any de
nial allusions, I mauds that may be made upon them for
thirty days
Boa.I Question.
. custom, of la*e grown
Chances for a Duel in Virginia.
Special to the Cincinnati QiaujwaoaiO
WxsHrsaTOS. September 23.—Intelli
gence from Southwestern Virginia is to
the effect that a chance for another duel
is about to be afforded. It seems that
CoL Hughes, the Republican candidate
for Governor, denies that he was a seces
sionist prior to the war, and that the ex
guerilla. CoL Mosby. xrho is strongly op
posed to Hughes, took upon himself tue
uwk of proving that Hughes was a seces
sionist. Mosby, it is said, has within
reach certain letters and other evidence
Tax ax is a .iroil .-lory of h,
lo-t a wager in Pu.-bU Colorado. Step-
• j nU , a large Uquor sla,p, he offered
to bet te-n to one tiuit he eonLd. blind-
tell th.- name of any liquor in the j ^ ,. m .,Ung an . 1
boas.-, or any nurture of liquors. by the i ^ y,. bad U
ra.-n- and smell. Ail ».«t well with him I ghel;
He named -ill ih* .-ei'-l-r-it.-l i j . UJ1- { in ,- 0 f m - a
rr.- Sly. Thun Uw.v haedwi him : muaUy good, and
water. He tasted, he smett. • # and J
Lasi.-d and smelt again, and at last, j .udden coilap*
nmpUtely nonplussed, he gave it up so riU q ^.euriue;
■ Well, boy.-." he said. ’* you have got | ^
i liar, abd I am
risible for what I say.” A cardoon-
mining the strong language above quoted
■will probably be printed^ in a Hidtuoond
Should t!
cvn.-Mt .iMNti. here r^gaitnag
the tonnagy ot the my* • |>, lt
ir-ro-lv increased, tod* Hughes prove to 1
" ‘ t he believed, bv person* who know
that a - - - -*
Nei
a; first.
brmo'1-’' or
A iiU**
>.»V
It
imethin^r
State**, blit It With f
tuvly forgot’.t-u it.*
XU* as if. 7**™ NT°* 1 i pod the financial
,f that kind m the | ^ , rallabl .
, 1. ng ago I have
York,
. .-enerally was un-
.-mVing '^tokened
,t these mdated rail-
w’meo agency the
crol.f, at cnee steq>
heels, and absorbed
oust
i toinlv _rrow
I said tc ’ *
Of it. They are both
be fighting men. and a challenge
ould be aceepte.! by either.
Total n :aote $ 399,000
Planters’Loan and Savings Bank.
Amount due depositors S l.o.OOO
Capital stock..... $110,000
Notes an ! billsdisconnt-
156,000
Bouds and stocks -15,000
Surplus 15,000
Real estate 20.000
Suspended and part due 15,000
’Botal imsett... $361,000
Thb suspension of the above two
1 sulks caused an imme-lia*e run upon all
the other bankmir in-tit itiou* in the
city, except the Ocoigi- Railroad Bank.
The Bank of Augi -ta stood th ' pressure
for some time, and p;iid .Oiit to depositors
during the morning about t venty tnou-
saud dollars. About twelve e clock. how-
ever, its cash a., it : being e-:hansted, it
was compelled to su-r. -ad payment, de
positors being a: sure.! that the suspen
sion was only temporary, and that the
assets were far more titan sufficient to
'satisfy all liabilities. The condition of
the bank at the su.-p3i.siou was as fol-
Arnount due to depositors $60,000
Capital , $330,000
Notes discounted 461,000
Stocks and bouds 5,000
Profit and loss account... 33,000
Surplus 20,000
Total assets $869,000
In the afternoon a meeting of the di
rectors of this bank was held, at which it
was resolved to issue drafts on the
bank, payable at six months, to the
amount due depositors, in sums of five,
ten, twenty, fifty and one hun.lred dol
lars. In case the stringency is sooner re
moved than the time designated. the drafts
can all be called in. A form of draft was
prepared, and it i3 expected that a num
ber will ber-ady for issuing to depositors
on Monday. By the charter of this bank
the.capital stock is fiable for deposits
first. Soon after the su-pehsicn of the
Bank of Augusta, the National.Exchange
Bank next door was also compelled to
Stop payment, having paid out to depos
itors during the morning seventy thou
sand dollars. This bank, like the others,
is sound in every respect, and has the
greatest sufficiency of assets to meet all
obligations as soon as the present strin
gency is removed. A1 on tone o'clock tile
banking house of J. J. Cohen A Sons sus
pended payment after paying out to de
positors nine thousand dollars. This
house has enough in tlie best of bonds,
stocks and other securities to pay all its
liabilities, three times over, but inthepres-
ent stringency securities, however “gilt
edged,” cannot be realized’ upon, there
being no money, hence the suspension.
A run was made on tho National bank of
Augusta in the morning, but it being
ascertained that the bank was promptly
paving all checks, the run ceased, and for
some time before the regular closing
hour, but few checks were presented.
Mr. W. E. Jackson, tho president of the
bank, states that he will pay out to de
positors as long as there is a dollar left,
and feels satisfied that the bank will be
fully able to bridge over the crisis. The
Commercial Insurance IkuJc stood, all
right, paid all checks presented, and will
continue to do so today. It will not sus
pend. Mr. G. P. Curry, banker, also
paid all demands by depoutprs yesterday.
A run was made on the Freedman’s Sav
ing bonk between twelve and two o’clock
and twenty-eight hundred dollars in all
paid out to depositors. After the latter
hoar, however, .the advisory committee
met and concluded tint if the run con
tinued they might have to sacrifice
United States bonds, and therefore de
termined to enforce the sixty days’ no
tice allowed by their charter. A notice
to depositors to that effect will be found
in our advertising columns. The bank is
perfectly solvent. No run was made on
the Georgia Railroad bank, and the few
checks which were presented, were
promptly paid. It 'rill meet all demands
of its ite po, iters.
Thc ■:lraztnah News, out of .1 depth of
sorrow ih.,i seems to know no relief, lifts
I-rotuer remarapu: i aeju-iw. , J
done gone and got our money, an’ now
dey give U3 dis yere paper.” A venera
ble-looking old negro said: “I knowed it.
stantial aid came to tho directors, but
they were already well fortified. One
gentleman offered them fifty thousand
dollars in currency. The run continued
until the hour of closing, but it was plain
that the feeling of uneasiness was very
much allayed. The bank hail demon
strated its capacity to pay every cent due
depositors, and some of those who were
among the last to draw their money went
off looking very much like the man who
bought theelephant. They had tho money
all safe, but what should they do with it?
There were several ladies present, endeav
oring to get an opportunity to draw out
their deposits, but they were most merci
lessly elbowed by the men, and finally a
majority of them sat down on the window
sills to wait -for a break in the ranks,
summoning to their aid what patience
they might. A remarkable feature of
the occasion—amounting, indeed, almost
to a phenomenon—was the strange man-
ner in which men who had been success
ful in drawing their money were affected.
They would wait calmly in the crush and
heat, sweating serenely until their turn
came, and then, after getting their depos
its, they would fall to shaking and trem-
bliag as though they had been stricken
with the palsy. One man, rather coarse
ly dressed, who drew out quite a large
aonnt, seemed to be particularly
affected. He shook and trembled from
head to foot, put his money in his pocket
and then took it out again, and finally
tied it np in his handkerchief, his hand
shaking all the xrhile as though he
had an ague. The excitement had spread
even among the colored people, and the
side walk m front of the Freedman's
Savings Bank was crowded until noon
with anxious looking darkeys who were
eagerly waiting to learn something in re-
01 rid nr-.V. .g irwifislgr.—1 — ——"""
enforcing the sixty "lay clause. Few of
tho colored people understood this, and
few were satisfied with tho explanations
made. Some were indignant, while others
met the announcement with the air of
resignation as if they had expected it.
Those who insisted upon getting some sort
of show for their money received certifi
cates of deposit, payable in sixty days.
These certificates were subjected to a
eurious examination,' and many queer
comments were made. One colored
1 rother remarked : “I tole you so. Dey
"now
venera-
Dis book,”'holding up his I Kink book, “dis
book done bean burn my hand dcse tree
week." X white man came out of the
liank with a package of currency, where
upon one of the crowd cried out: “Dar
now! What I tole you ? White man git
ho money, nigger go to de debbil.” This
was gr seted by a chorus of assenting
grunt’s, and one of the females remarked:
“ Deso white folks is mighty onsartin.”
And so it went. One woman, who had
somehow managed to draw out a do tarn
in currency, came out of the bank tri
umphant. “ What I hear um say?” said
she. “ Dey call dis bank broke, but she's
dar yit.” Upon which a voice in the
crowd remarked, sententiously: " Dat s
so; sho dar; but dem white folks got dey
finger on her.” An old wood-sawyer,
who made one of the crowd, delivered
himself thus to a friend who had just
emerged from the bank with his certifi
cate of deposit: “You see I don’t put no
confidence in nobody. Dese people we
look upon 03 we friends, and now when
de time come for dem to show dere friend
ship, dey hand ns out tickets in de place
of de greenback we give um. Well, you
see, day ain't ketch me, caxe I ain’t
trust nobody senco dat nigger meet me
by de market one Saturday night, and he
say, ‘Brudder, how you do ? I ain't see
you for long time.* And yon b leebe it.
ae nigger rnb me so on my arms dat I
commence to tink he was some ole
quaintance I use to know. But, what
yon tink ? When de nigger done left,
and I look. I find out dat when he been rub
me he boon tecking de watch out me
pocket.” There were no indications of
alarm at the Central Railroad Bank, the
Merchants’ National Bank, or any of the
private banks, and in all probability
there will be none.
Hox. H. P. Beli,, representative in the
next Congress from the Athens district,
has bought a house in Gainesville, and
will soon remove there to reside perma
nently.
Mr. AaboxPalmxe, of Dawson comity,
died last week, aged 102 years.
A hex belonging to Mr. Riley Turner,
of Merriwcther county, has caught the
panic. She has been laying good eggs
up to a few days ago. Now she has sus
pended, and only lays eggs without any
shell or with nothing in them.
Mr. Jakes, the Atlanta banker, issued
the following card yesterday:
Owing to the unexampled panic now
convulsing the financial interests of the
whole country, disturbing confidence and
arresting all the machinery of trade, and
this at a’moment when the staple product
of dux country is ready for movement,
but staved for the want of the usual mon
eyed facUities, I nnd myself compelled to
suspend temporarily the payment of de
positors with my banking house. For
their assurance I have to say, that my
assets are of the best character, both as
to the commercial paper now daily ma
turing, and to city realty and good stocks
and bonds. I have assets more than
double the amount of my liabUitios, and
I onlv need reasonable time to coUect my
maturing paper from the mercantile com
munity, and to realize on valuable seen-
rities." I ash this indulgence with confi-.
dence, and pledge to my depositors every
dollar of my properties, both real and
personal, for their security, and with the
honest assurance that I will, as rapidly
as possible, apply the proceeds of all my
collections and sales to the payment of
their accounts. Johx H- James.
Tho report that banks here have sus
pended payment of sums larger than
$200 is a mistake, as no snch action has
been taken. The banks are doing busi
ness as usual, except that they have
stopped advances on produce until tho
Eastern banks are ready to respond.
Financial News Here anil There.
Bbuxswick, N. J-, Septenber 27.—
The State Bank has suspended indefi
nitely. The directors, upon examination,
find it is impossible to go on. The police
are after the cashier and bookkeeper.
There is a defalcation of $300,000.
The New York Sun learns that the Gov
ernment investe 1 yesterday in exchange
on London $1,500,000 for the navy, and
$700,000 for the State Departments.
Bankers have deposited security in the
Bank of England for exchange. Imports
this week $11,000,009.
fl'hut the New Orleans *. D.’s Say.
New Orleans, September 27.—The
papers contain the certificates of fifteen
prominent doctors to the effect that they
have noyeUow fever under reatment. That
the sanitaiy condition is excellent and
that strangers can visit the city "with
perfect safety.
Another Loyl Man with Tar on His
Fingers.
Pittsburg, September 27.—CoL John
H. Stewart, post-master of this city has
been charged with a defalcation and hail
ed in $60,000.
Nautical Disaster and a New Word.
Halifax, September 27. — Steward
John Livingston, of Orleans, was swept
from the deck of the “hurricaned” brig
antine Hound. The crew were seventeen
days exposed. Michael McMahon died
from exposure.
Boston Banks Follow New Tort’s
Lead.
Boston, September 27.—A meeting of
the bank presidents adopted the New
York plan.
Fever at Shreveport
Sareveport, September 27. — There
were thirteen interments yesterday—
only one colored.
Fever at Memphis.
Memphis, September 27.—There were
thirteen yellow fever interments yester
day.
Reported Cholera Death.
New York, September 27.—A cholera
death was reported on the Villo du Havre
on the sixth day out from Havre.
A Bishop Dead.
Hamilton, Ont., September 27.—Bish
op Farrel is dead.
From Spain.
Madrid, September 27.—*T*.
verton has surrendered the Insurge
they have paid out, and, notwithstandinj
it was supposed this was to be the pres
iug day of the week, owing to the iar;
sums needed to pay off operatives
manufactories, the manufactories have
been supplied with funds in time to meet
their immediate wants.
The Situation in Montgomery.
Montgomery, September 27.—Th
Board of Health report ono fever, death
and no new cases.
There is no run on the banks. They
report that their deposits exceed their
drafts. The Freedman’s Bank requires
thirty days’ notice.
Affairs In Mississippi.
Jackson, Miss., September 27.—Tho
fair has been postponed to November
10th. Governor Powers concurs in the
opinion of the Attorney General, tliat
there should be no State election this fall.
Live Times in Honduras.
Kingston, Jamaica, September 2
The British steam sloop Niobo arrived
here to-day fromOmoa, Honduras, bring
ing tho following intelligence: General
Estrabas’ troops, after assassinating a de
tachment of Palacio's force, which, under
a flag of truce, approached the fort, sacked
Ornoa and imprisoned all the British sub
jects, gutted the Consulates of America,
England, Spain and Portugal, tore the
American fiay to pieces and sacked the
merchants' warehouses and safes, leaving
them perfect wrecks. The Niobe soon
after arrived and demanded a surrender
of the imprisoned foreigners and expla
nations for the outrage. Tho authorities
were obstinate, and refused to accede to
the demands of the commander of the
Niobe, when a bombardment followed,
until a flag of truce was h"isted, and the
prisoners surrendered.
Tlie Lesson it Should Teach us.
Under this head the Columbus Sun
makes some remarks that seem to us so
eminently sensible and suitable to the
present financial crisis that we copy them
in full, with our hearty endorsement:
We of the South cannot reasonably
hope to escape injury by a storm which
we had nothing to do in raising. Already
we see tliat it has caused a decline in
cotton, and, what is perhaps worse, it has
deprived our buyers of the means where
with to purchase cotton. Yet we know
that our great staple will always'com
mand cash where there is money to be
had. The misfortune with us, then, is
that we are dependent on one market,
or one source of revenue, and that re
course now fails ns. This dependence
has every year since the close of tlie war
been an injury to us, but the extent of
the injur , was not demonstrable. Now
we are ail obliged to see it, and we
believe that the remedy, within our power
to supply, is also pretty plainly indicated
by the present condition of affairs. That
remedy, as we comprehend it, is the seek
ing directly of new markets for our cot
ton, and in this case it is only the setting
aside of interme.liatjha.nce all the fabrics
F'.at section that we
against the shipment of produce and
dra."’ our checks therefore on your hanks,
payable through the Clearing house. We
thus obviate the necessity of having
greenbacks in forwarding grain and pro
duce now filling our market. Relief can
be given in this way without incrosising
the demand for grevuliacks.”
The Louisville Courier Journal’s circu
lation, according to its sworn statement
as city printer, is at present 10,860 daily.
W. W. CARNES,
General Insurance Agent,
OFFICE NO. SO CHEERY J*T.
Represents the following ftrst-class Companies:
HARTFORD FIRE IHSURANCE COMPANY.
Organised 1810 ... Assets $2,250,000
6E0R6IA HOME INSURANCE COMPANY,
Of Columbus, Ga, - - Assets $500,000.
UNDERWRITERS' ABENCY, NEW YORK,
(Coni|*osetl of tho Germania, Niagara. Hanover
and Republic Insurance ’*
Assets ot or 54;«*g0,000.
PUNTERS' IRSURANCE COMPANY.
Of Memphis, Tenn. - - .\ss»»ts $*25S,it6.
INSURANCE COMPANY OF NORTH AMERICA,
Organized 1704 - Assets 48.5 'O.OOO
l>wellin«rs. Storm, stocks of
or other insurable property
Policies writt
Merchandise, C
at fair rales.
Mv sire pin* room artjoim my office, an.l I will
7" or or ut " or property m any hour of the
day or mtrht.
roplF-ti W.W. CAiMH.
C. H. BAIRD,
MERCHANT TAILOR,
UNDER RIDDLE’S OLD GALLERT,
No. 8 Cotton Avenue,
JJAS just received the
Latest Styles
Suitings, Coatings,
Fancy Cassimeres, Etc.
Special attention given to tho tailorim? a
tho aim is not to bo excelled by any one in
Style and
Wesleyan Female College,
MACON, GEORGIA.
The Thirty-sixth Annual Session
WILL BEGIN OCTOBER «, 1875.
For Catalogues, containing full information, ad*
dress
REV. E. H. MYERS, D. D-. Pres.
Workmanship
C. H. BAIRD. Aeont.
FRESH ARRIVALS
20
BOXES BOSTON BELLIES.
tbe
to nght
Philadelphia has hotel a comm.-ia- ~
tk>ns for only 2,500 people, an.l the ques
tion as to where the crowd shall Lij it£
head when the great exposition arifne. | F
p it* voice to exclaim 5
And now it has come to pa.--, that the
.tlanta Constitution has discontinued iri
• -.-..1 train. Is cU the enterprise in
rolem journalism dying out
Williax'Allzx, a negro who was em-
>loved at the mill of W. A. Peet A Co.,
The inevitable Joy had
e. and'it i begin* to agitate the city bomfare
of D:
:o roll dost from the pit ‘ celebrated campaign
a*--wAJtam from i*M* rfuuiwawi _
tion'of them is now greater, it is only be
cause they get nearly all our cotton and
thus shut us off from direct trade with
Europe. Open direct trade—send the
cotton direct to Europe—and wo would
get in return cheaper and better goods
than we now receive from the North. It
needs no argument or figuring
show tliat Northern dealers in
our cotton make money by its
passage through their hands, and we sup
pose all will admit it is equally clear that
the money which they make comes out of
the planters. If they make money by the
intermediate handling of our cotton, the
planters can surely save money by reliev
ing them of the business of handling it
and sending it direct to the manufactur
ers of Europe to whom they sell. And so
in reference to European goods received
in return. If tho Northern importers and
jobbers make money by selling them to
Southern merchants, the Southern mer
chants and consumers could save money
by abolishing these intermediate agencies^
* Perhaps our people loved the Yankees
too well to deprive them of their commis
sions and profits derived from the pur
chase and re-sale of our cotton. If
so, it was an overflow of Christian charity
against which we shall not complain.
But now, when the Northern buyers have
seriously involved thousands and injuri
ously affected the price of our staple by
their gambling operations in "futures”—
now, when they have brought on a crash
by their other reckless speculations, and
locked up all the money in the country so
there is none to purchase the incoming
cotton crop—we imagine that our sublime
charity should be turned towards home.
The occasion is a very fit one for the se
rious contemplation of the injury we are
doing to ourselves by a continuance of a
commercial connection fraught with dis
aster now, and which promises us noth
ing but exaction, fluctuation, insecurity
and loss in «the future. The situation
points out to us the path of future profit
and security. If we avail ourselves of it,
we may emerge from this convulsion
wiser and stronger for its temporary em
barrassment and well prepared not only
to guard against but to profit by a repe
tition of the panic and crash.
Too Good To Be True.
We find the following Washington
special in the Chicago Tribune of
Wednesday. It is good reading—almost
too good, we fear, to be true. We can
only hope that some such law will be
among the earliest legislation by Con
gress. As to the back pay grab—to use
a very mild term—we see no reason why
an effort should not bo made to force a
disgorgement of that also. If so many of
the jury hadn’t sliared in the beef, we
should have some little hope of its being
done:
The probabilities are that Congress
will take hold of the back-pay question
immediately upon assembling, and pass a
law restoring the §5,000 a year and mile
ag& arrangement, with perhaps a nomi
nal allowance for postage in lieu of the
franking privilege. A prominent Sena
tor, who has examined the matter thor
oughly, and obtained an accurate idea of
the public sentiment towards the back-
paysters, • xpre3sed the conviction that
nothing short of a repeal of the law
passed by the last Congress will be ac
cepted by the now members, who will
number about 100. Added to them will
be the support of all who have returned
their back-pay, and all who have felt the
pressure of the public sentiment on the
question, such as Butler, of Massachu
setts. It is even predicted that an at
tempt will be made to lower the compen
sation to §4,000 per annum, or establish
a per diem rate for the time a member is
actually engaged in legislation. There
will be many advocates of the latter pro
vision. The back-pav already gone will
be considered a dead issue, except that
members of the next Congress who re
ceived back-pav will feel pressed tore-
turn it ad a sort of apology to the.r con
stituents. There will doubtless be an
effort made by the disgruntled to restore
the President’s salary to the old stand
ard, but it is not believed that it will be
successful.
Once a careless man went to the cellar
and stuck the candle in what he thought
was a keg of black sand. He sat near it
mtheadt ! drinking wine until the candle burned
ceiH. id *wo in>iances, his success was due ■ northeast, lower temperature and i Iqw. Nearer and nearer it got to the
to the impcturaitTof hi- lUatenanU.wbo i possibly n-carional rain; for:the apper blact sand ; nearer and nearer, until the
ru-he-l ob to action in direct contradic- lake region, winds veering ’ • - blaze reached the black sand, and as it
tion to his orders. Napoleon owned up . telegr-?^hi/rep^rto frorn' leras j was nothing but black sand, nothing hap-
° m *ud Dakota are missing. » pened.
Later from New York.
The day closed with a decidedly im
proved feeling. Tho decision of the gov
erning committee of the Stock Exchange
Tuesday started stocks on tho street,
which advanced from five to fifteen per
cent, in less than fifteen minutes. West
ern Union 61 to 65. Sterling closed 4 to
4i for prime bankers, and 2 to 3 for com
mercial 60 days. There were no estab
lished rates for call loans.
The Stock Exchange will open for
business on Tuesday next, at the regular
hour. The details of business will be ar
ranged on Monday morning.
At a meeting of the governing com
mittee of the Clearing-house to-day it
was resolved to issue loan certificates to
an unlimited amount.
The bank statement will be ready to
day.
The Clearing-house committee have
decided hereafter to make public the
amount of certificates issued.
Suspensions in Louisville.
Louisville, September 27.—Consider
able excitement prevailed to-day - caused
by the suspension at an early hour of the
following banks: German Security, Ger
man Commerce, Masonic Savings, West
ern Bank, Central Savings, German Bank,
Louisville Banking Company. Business
generally is quiet, and prices nominal for
all leading articles. There was no run,
at close of banking hours, upon any other
bonks.
The Effect of the Proposed Relief.
New Yoek, September 27.—In answer
to suggestions of the Stock Exchange
Committee, the Banking Committee say
the proposed mode.* of relief seem
to look exclusively to the convenience
and safety of the Stock Exchange, with
out comprehending the dangers and in
convenience involved to the banks.
Situation in Washington.
Washington, September 27.—The
Secretary of the Treasury will not, for
the present, isssue a programme for the
sale of gold and purchase of bonds.
The bank presidents had a meeting
to-day and resolved to atjopt the New
York plan. George W. Riggs* bank re
fused to join in the movement.
The Situation in Augusta.
Augusta, September 27.—There is a
better feeling to-day, but the situation
continues unchanged. Nothing is doing
in cotton for the want of currency. Some
few bales of middlings were forced at 15
cents. It is believed that the suspended
banks wiil be able to resume currency
payments early next week.
The Banks Indorsed.
Cincinnati, September 27.—A full
meeting of the Chamber of Commerce
approved the action of the banks and
bankers in refusing to pay out large
sums.
Paying Currency for Wages
Philadelphia, September . 27. — The
banks have paid the currency necessary
for wages, discounting freely for thb
purpose.
The Moneyzooty in Memphis.
Knoxville, September 27.—The Ex
change, Commercial, and Knoxville De
posit banks have suspended.
In Baltimore.
Baltimore, September 27.—The day
closed without additional excitement.
The banks paid small checks liberally.
Death of a Poet.
London, September 27.—Julian Rod
erick Benediz, the well known German
comic poet, is dead.
Synopsis Weather Statement.
Office Chief Signal Officer, )
Washington, September 27. )
Probabilities: On Sunday for New
England, .clear weather will prevail, with
light to fresh winds mostly from the
south and west; for the Middle States,
clear, partly cloudy and wanner weath
er, and gentle to fresh winds, mostly
from the south and southeast; for the
South Atlantic States, light to fresh
northeast to east winds, partly cloudy
weather and occasional coast rains; for
the Gulf States east of the Mississippi,
and Tennessee, gentle and fresh easterly
to southerly winds, partly cloudy weather
and occasional rain areas; for the Ohio val-
mds ana
Yoji Moltke, whose admirers have
held that ererr victory he gained was the
rasGlt of profound suberic movements, *,atheaat winds and
says, with the truthfulness of a gentleman . , vath ,, r . fr ■ the lower
" * r.f & -nl.tlM di.l ““ lake region, winds shifting '*
cept'
to the same facts in borne -
100 BBLS SUGAR, A. B, and C,
50 BOXES EXTRA CHEESE,
100 BOXES GERMAN' OLIVE SOAP.
5 BBLS. BRAZIL NUTS,
5 BBLS. S. S. ALMONDS.
5 BBLS. PECANS.
Jaques & Johnson’s.
JUST ARRIVED.
THE NEW FEATURE
Photography!
— AT —
PUGH’S GALLERY,
Tk ETOUCHING THE NEGATIVE, bv which
•AV the freckles, skin, blotches, wrinkles an.l all
imperfections incident # to the sharpness of the
* removed. I have secured the
tent retoucher, nnd feel assured
recommend itself.
sepanil janl J. A. PUGH.
unam obsc
?rvi<vsof a oompetei
that his work M ill ns
Special Notice.
fJTOE surviving partners of the firm of W. A.
HOPSON A CO. will continue tho business
of the late firm at the old stand until further
notice. The stock will bo kept up in all tbe de
partments to the requirements of the business.
Mr. R. E. Jones in .our duly authorised attorney
f**. J. L. WARREN,
September 8tli, 1S7S.
C. P. ROBERTS.
Surviving Partners.
sepytf
JONATHAN COLLINS,
COTTON BROKER
MACON, GA,,
T> ESPKCTFULLY solicits orders for the pu?-
-1A/ elms'* of cotton and con Muniments of t-axn u
from his planting and mercantile friends. As
salesman, with an experience of twenty-seven
years, he hna no hesitancy in saying he can guar
antee perfect satisfaction to both buyer and seller
and pledges careful attention to all business in
trusted to his care.
OfHee, in Hollingsworth block, near J. A.
P«taPk mM lw
l boxes NEW COD WSH»
800 l>oxes NEW HERRINGS,
200 kits NEW MACKEREL,
•150 boxes LUCY HINTON TOBACCO,
100 cues WHITE ROCK POTASH.
lepICtf
SEYMOUR, TINSLEY & CO.
THE BEST
Cathartic Mineral Spring
AT SARATOGA,
YUITHOUT exception, is the Hothom analysis
\V of the Hathorn Spring. Snrato^i Springs,
rof. C. F. CHANDLER, r Inmbia College
Chloride of Sodium
lo of Potassium
ile of Sodium
Iodide of Sodium
Fluoride of Calcium
Bicarbonate of Lithia
Bicarbonate of Soda -
Bicarl>onate of Mamcsia
Bicnrlionate of Lime _ -
Bicarbonate of Strontia
Bicnrlionate ot Baryta
Bicarbonate of Iron
Sulphate of Pota»
Phosphate of
Hi bo rate of Soda
Alumina - - -
Silica -
Organic matter
Total solid contents
Carbonic Acid Gjw in 1 gallo
sty. 1.009.
1.534
198
a trace
11.447
4.2S3
170.463
170.646
a tmeo
1.737
1.128
*.006
a trace
.131
i, 875,747 inches.
Bar and Restaurant.
OPEN ALL NIGHT.
J. VALENTINO,
H AVING refitted his entire premises, is noM*
prepared to furnish his friends nnd jnitrons
with everything pertaining to a first-class restau
rant, whic h wilfoe served in the very l>est style.
He M ill always have oil hand
FRESH FISH, OYSTERS, BAME, ETC.
rangers visiting 3Iacon should irivc him a call.
1 will open on the 1st of October, at No. 66
Cherry street, next door to my present restn nrant, a
Ladies’ Eating Saloon.
JOHN VALENTINO.
*ep7 tf Macon, Ga.
CYPRESS SHINGLES
:nt of CYPRES8
TUST rreriwl, a r.
«J SHINGLES, rival
A Superior Article!
B. H. WT.IGLEY & CO.
TlT. 1
West’s Extra
Vim Afmm
PHYSICIANS’ PRESCRIPTIONS
Carefully and accurately mmitounded by thoso
thoroughly competent, at tho
Drug and Prescription Store
ItOLAXD B. H1LI.,
Comer Chary street and Cotton avenue.
sep23 tf ;
Special Notice.
I DESIRE to sell the stock, fixtures, and good
will of my store. The stock is the very best, it is
in prime order, and only needs the addition of a
few new goods to make it first-class.
The fixtures arc modem and as good as new
The "good will” embraces the patronage of nearly
every citizen of Macon, and great numbers of the
people of the surrounding counties.
Any one desiring to enter a business which is
genteel and can lie easily conducted, and which
upon a very small investment will yield an income
of three thousand dollars, can make easy terms
with me. Satisfactory reasons will be given for
my willingness to relinquish the business, and my
services will be given to ray successor until he has
mastered the business. Apply immediately to
septlitf THQ8. U. CONNER.
FOB BENT.
pHK STORE next my offim in
JL Block,” also two desirable room
FOR SALE.
AN IRON SAFE.
eyOS-K
J. M. BOARDMAX.
E. B. POTTEE, M. D.
HOMCEOPATHIST
O
ito
FUCK ‘Wood’s
irbel .M- Juil
Wire Ijinifir
For Rent.
T HE residence of th*: late J. R. Butts, on Firs!
street, occupied at present by J. L. Sauls-
burr, elijriblv located and convenient to business
Possession m \ en October 1 st. A pnly to
A. B. ROSS,
seplOtf Or CAPT. A. G. BETTS.
Booms For Bent,
^~yVER oftioe of Southern Express Company.
Apply to
T. H. HENDERSON,
At Express Office.
Term* moderate.
Stores for Rent.
O XE on <
Cherry
Cotton Avenue, near the corner of
itreet, and the other ou Cherry
street, near’comer'of Cotton Avenue, Possession
riven immediately. Apply to
' sepOtf
FARMER-
HEFCP.Y SCHMIDT,
FASHIONABLE BABBEB.
Huff’s New Building, Down Stairs,
TT'OULU be plrase.1 a. tove » .all from hi. old
\\ ra.t.mers and tbe public generally.
sepOlm
JOHN P. FORT,
attorney at law,
Macon, GeSruia.
•eptXl 5w*
Z. B. WHEELEB.
Saloon and Restaurant,
Fourth Street, opposite Express Office.
MACON, GEORGIA.
Meals Served at all Hours,
DAY OR NIGHT,
A First Class establishment*
STOCKKJ* WITH
FTNTWT WINES AND LIQUORS.
augSl 2m .
South Macon Drug Store.
Prescription Department.
I have secured the services of
MB. B. V. HOPKINS,
From LcuisviMe. Ky.,
XTTHO will have clvuve of my prescription de-
\\ jrftrtment. Mr. H. comes hisrhlv ra'wn-
m.-mW an experienood and careful pharmaceu-
a„-i hr promptness nnd attention to owtt-
i -ss h*» will commend himself to the patron'ige
of tbeefti» n*ofS'*'ith Jtaron. My prescription
h-nartnieni ha** kvn entirely reonranbed and
snppliod with a frudi st'x-k of drugs nnd raed-
icines. . 8. D. EVERETT. Drn«ri»t.
Household Furniture
FOB MALE.
11ERSONS wi.hinr to .upplT themsnlve* with
F Hot.*.-hold and Kitvbcn Furniture mkw
figures, ran be inform., "terrlhe. cu.
barirain., by applying »t TH1S OYru.lt.
scpl8-6t . . . .
FOR BENT.
o' Mr. E.
aueSI vf • At 3gTro° u * Tinsley A Co/a.
dentistry.
D r. EMERSON has r» am*d to Macon,and
will resume the practice of Dent*try ax
•nee. st his Dental Rooms, S4*Mulberry street.
sepl tf -
FOB SALE CHEAP
street between Oak and Arch. Is within a few
minutes walk of the business j>art of the city, de
pot and work«b>»ps,and bat proven t*; beahealthy
place. Apply to
Coal.
Coal.
T\"E will sen Coal at summer rate until flrst of
» October. Order* left at Messrs. Wmshy?
A Callaway’s store. Post Office, or offioe ot A- G.
Butt’s Esq., will iveeive prompt attention. Yard
° P £Sti ROCk Mi " BUTTS A BOSS.