Newspaper Page Text
THE INI>KI*KNHENT.
KATI’RDW, KTOHK.It 4,
J. C. GALLAHER, Editor and Proprietor.
Financial Trouble*.
The tank failure* ut the Ninth, nod the
probable effects, are the all aliaorliing
question*, both fur the pen and eunvuirna
tion. Pluim to avert the effect* of panic
aro freely proponed and elaborately dis
cussed in financial circle*. It will ta seen
by the frequent anti regular Hire ting* of
the Chamber of Commerce in the City of
Savannah that tin* crisis is not regarded a*
a myth, but one of reality, the evil ten
deneiea and legitimate result* of which
must prove disastrous unless something He
done by the Southern people, in self-de
fence, to avert the blow. Wlmt is to be
doue, and how to be done is the question.
The Chamber of Commerce, on Monday
night, aiqvointed a committee of five, to
whom was referred all the resolution* be
fore the Chandler touching plans for re
lief, Ac. At a meeting on Tuesday night,
to which the committee was hr report, the
following was offered by the committee:
The committee to whom was referred
*ll resolutions before the Chamber of Cotn
meree touching plans for relief from pres
ent financial trembles, awl for substituting
noun- currency in piece of the National
Bank currency, now no difficult to obtain,
beg leave to
HKI'OKT.
That they do not think it advisable to
fry and put in circulation anything iu the
shape or of the appearance of currency,
thst is not. based on rabies that can ut
once and at all times bo con verted into
National Bunk currency at the option of
the holder*, when the bank* sre so situ
ated as not to be iu a condition to pay out
Hiicb bills in amount* equal to the wants
of the commerce itf the place.
That after full consultation they have
have been nuable to arrive at any plan
that could be, in their opinion, carried
out, that would give the relief sought with
out at the same time throwing a doubt
upon the miuds of those who are exjrected
to receive, circulate, and give credit to
such issue, as to it* legality and practical
utility without such issue be made by the
practically managed and solvent banks in
our eity, the nffieer* of which re desirous
of rendering any aid they can, that shall
in no wise lessen their positions as good
and solvent institutions.
We have suggested to the banks the
policy of issuing bills of exchange on Now
York in small denominations, to be in nil
cases drawn on the bunks there with which
they keep their accounts ami against balan
ce* which they have, that such bills of ex
change. could pass in nil parts of the State,
and in the adjoining States, and would
furnish a medium through which the pro
duce of the country could be paid for and
forwarded to market, and seems to your
committee to be the only plausible plan
that can be successfully negotiated.
The report of the committee was re
ceived and adopted, and after some dis
cussion, Mr. Nisbet offered tire following
resolution, which was adopted:
Rejtolood, That this Chamber suggest to
the banks the policy of issuing bills of ex
change on New York of small denomina
tions, to be in all cases drawn on the banks
there, with which they keep their ac
counts and balances Which they have; that
such bills of exchange would pass i>i alt
parts of the Htuteaud the adjoining Htat.-:s,
ami would furnish a medium through
which the produce of the count ly could
l>e paid for and forwarded to market.
The Secretary was directed to furnish
the banks a certified copy of the resolu
tion, and the Chamber adjourned.
The suggestions of the Oommitie, as
well as the resolution offered by Nisbet,
seems to lmve but one object in view, and
that is to establish a currency by some
sort of negotiation with the banks, aud is
suing bills of exchange on New York of
small denominations, to be in all oases
drawn on the banks there. That is all!
very well on paper; but what is the ex- j
pressed object of issuing such a currency? !
It is, they any, to pay for and forward to
market, the produce of the country. This
is looking directly to the interests < f com
mercial men. Their business must not be
closed; their profits must not be suspend
ed. Through their hands the produce of
the oountrv must puss, aud means must lie
provided to facilitate the ushering of the
produce of the country upon u rapidly
declining market. Remunerative prices
to the producer is not taken into considera
tion at all; and that should be paramount
to every other consideration. The imme
diate inflation of a declining market, with
the great staple of the Mouth, will serve in
a great measure to relieve the North of its
embarrassments (brought on by their own
reckless system of stock gambling.) What
else could be the result of an immediate
inflation of a declining market with three
hundred million dollars worth of
cotton to twj sold, pending a great
money crisis, for perhaps one hundred
million or more less than its true value, and
it may be less than the cost of producing
other than that of relieving the North of
their embarrassment, and shouldering the
burthen at the South? The South is free
from these embarrassments, and may re
main so by holding her cotton, which is a
basis of credit that the world envies.
Cotton is gold, and gold will souk it, and
if the Booth will held her cotton against
declining markets aud doubtful currency
Kngland will empty her coffers of gold
and send it by ship-loads to empty in the
lap of the South in exchange for her fibre.
But how is the planter to relieve his mer
chant ? Acceptances are falling due aud
ninst be met at maturity. Let the planters
everywhere deposit their cotton in safe
warehouses, take warehouse receipts, turn
them over to their' merchants, the mer
chants to the hanks, where the bills are
falling due, (with a sufficient margin to
secure the hank), as collateral. With such
securities your bankers are safe, aud if
need lie, tlrey can imitate tbeir brethren
at the North: tell them their assets are
ample, and like you, we will not throw
| collateral* upon a declining market.. With
! this combination of banker*, merchants
awl planters, the necessity of forced soli*
are avoided, their market w ill be at home,
and capital will come to tie- market with
advanced flgnve*, and in ninety day* your
warehouse* will empty, the tanks paid,
and the planters rewarded for their lulior.
This is the only way the planters can save
their merchant* and themselves and avoid
a finuneinl disaster to the Southern State*.
It is just as honorable iu a planter, upon a
clear show ing of ample collaterals, to sus
pend temjairarily ns it is iu a (miking
Company to suspend without any exhibi
tion of assets. With this mutual assist
anee and proteetion of bankers, uwirelmut*
and planters, the crisis can be avoided, and
we can do without a currency until relief
comes, which Is *a certain as disaster will
be if Home such plan isuot adopted. l J ian-
Ut*, come to the rescue of your merchants,
deposit your cotton, estuldish a basis for
their credit, and don't, if possible to pre
vent it, allow a bale to leave the Month
until remunerative price* are offered.
-
Pomibility of Returning to Specie Pay
ment.
Much is the financial condition of the
country that the South and West have it
in their power to gn-Htly facilitate the re
turn to specie payment. In speaking of
the dangers that now threaten the country
the New York Tribune says:
The great—the presiding danger of the
hour is the threatened cessation, or se
rious diminution of the crop movement,
at once resulting from and indicated by
tho decline of foreign Exchange. The
strongest hills, draw n by the old, impreg
nable banking houses, are rated at 104.
Mo far as “mercantile bills” are concerned,
the drafts of shippers find no buyers at a
decline of seven pea- cent, from their or
dinary gold value.
In such a state of affairs it is evident
that export of our grain and other pro
duets is nearly impracticable. Our le
gitimate current of wealth, never larger
and more promising than a fortnight
since, has for the moment utterly ceased.
Until lust, week freights were rising, and
every available vessel was eagerly char
tered to convey our freights to Europe;
but the steamers leaving to-day have found
it difficult to fill their holds tit. any reduc
tion of charges.
Of course, if allowed to continue, this
means disaster to the American people.
It is, even now, the genuine calamity of
which the distress upon the Stock Ex
change Ims been the foretoken. Let us
look the matter squarely in the face.
Within a few days one of our larger com
mission honses lias declined acceptance of
drafts, with bills of lading attached, from
Western forwarders, to the value of S6OO,
IKK). This example tells the whole story.
Th farmer who does not sell his crop will
not liny of the readier, the retailer will not
pay the jolilu - , nor the latter the importer,
in brief, with hundreds of millions of con
vertible wealth mi hand, the wheels of
trade are clogged, and unnumbered evils
folio v swift behind.
We must, ship our crops to Europe, and
largely before the cold season is upon us,
or there will be no lasting relief. Yester
day's udvunce in the gold premium and'
decline in freights are a partial counter
balance to the full in bills of exchange.
We regard tin' large shipments of gold
from England, of which cable advices
reach ns, as speculative and temporary;
and, in fact, unnatural. They are sure to
be checked by an advance in the English
bank rate to any figure, however high,
which may be found necessary. The con
tinued transmission of gold in this direc
tion depends entirely upon the establish
ment of u balance of payments in our fa
vor. The bitter is hopeless, unless the
negotiation of Exchange can be facili
tated at once. And thus the question of
foreign exchange becomes questions of
the hour, and tho problem which is re
ceiving tln> grave attention of tho mer
chants and the banks.
Mr. John J. Cisco, px-United States As
sistant Treasurer, being introduced to a
Tribune reporter on Friday last,
The war ended eight years ago, and
every one supposed that something would
have been done then, as there ought to
have been; but it lms never been on the
card of any of the (Secretaries of the Treas
ury to take such action, because they have
thought it impossible, which simply shows
that we have never had one who under
stood his business No one supposes that
resumption should be adopted at once,
but definite steps should be taken which
would lead to it at a fixed time in the fu
ture; then commerce would shape itself
|to meet it when it came. If we had had
| specie payments this thing could not have
! happened; it has happened because we
| have had a currency which is not the eur
; rency of the world. The hanks cannot re
sume, because they do all their business
on a currency basis. Their guarantee and
reserve are in bonds and currency; by
the laws under which they were organized
they have nothing to do with gold neces
sarily. It is only the Government which
can take any effective measures leading
to resumption. It must accumulate specie
enough to redeem its currency in gold;
then the banks will fall naturally into the
arrangement, not before.
J. Thompson, Vice President of the
First National Bank, issued on Friday the
following circular, entitled, “There's Be
lief in Resumption:”
By an immediate resumption of specie
payments ail tho gold and silver iu the
country, and many millions that are sure
to come to us from foreign countries,
would become at once circulating medium.
The adoption of this measure would afford
more relief than all the expedients so vig
orously pressed upon the Government, or
so unnuancially adopted by "Hearing’'
House Associations. The time has come
when nobody has motley to hoard. Prices
are, or soon will lie such, that property or
investments will be better than money.
Nobody now wants gold for export, for the
exchanges are all in our favor. The gold
and silver iu this country, if thus utilized,
will become currency, and w ill add eighty
! millions of positive relief. Is there a man
| in power with brains and nerve to seize
this opportunity, ur must the country drift
and drift on to utter l ilia.
The Charleston Chamber of Commerce
Monday adopted resolutions requesting
President Grant and the .Secretary of the
Treasury to deposit, and maintain oil de
posit. with the Assistant Treasurer at
Charleston, the sum of $500,000, to be
used by him in the purchase of Exchange
on New York, l'or this action, says the
-Veirs, there is this w arrant, that the grant
ing of the petition will enable the Mouth,
through Charleston, to pay the North the
money that she owes, and which she can
not pay so long as the stringency iu the
money market is a prohibition upon the
gathering and moving of the crops.
Kind words are the flowers of benevi -
leneo; kind deeds, the fruit.
State Gossip.
There is a protracted meeting going on
in the Methodist Church at Siuideravillc.
TVie death of Miss Jennie Cochran, of
Thomas county, is announced.
The “young bucks” of Mandersvilte are
training tbeir steeds for the spproaching
Fair.
A man named Bowden Was killed on the
State Rond last week by falling from a
stock car.
A giu house belonging to the Georgia
Land and Cotton Company, on the Lee
pbmtntion, in Lee county, was burned on
hist Monday, together with two hundred
bales of cotton.
The Thomasville Times on com: “Wei
have been shown, by Master Wyche Lin
ton, an ear of corn with 22 rows, averag
ing 53 grains to the row, making 1,166
grains. Pretty good, tha‘.”
The eity fathers of Thomasville gave
the use of tho City Hull free to the parties
exhibiting the deformed boy. Very com
mendable, as it is said the proceeds are to
be applied to his education.
A most brutal murder was eoiumitted on
Saturday night last, in the county road,
three miles north of Kirkland’s Htation, on
the Brunswick anil Albany Railroad. A
man by the name of Seaborn Brown was
waylaid and cut to death by John Solo
mons.
It is stated that Mr. Barnard E. Bee, of
Suvannah, Receiver of Tax Returns, met
with a severe accident a few day* since.
He was out suiling near the Isle of Hope,
and while in a squall was knocked off the
sent of his limit, breaking one of his legs
about two inches below the knee.
The Thomasville Timm lias this: “The
Rescues have entered into an agreement
with the City Council, by which two of
their number are to stand guard from 10
o'clock until daylight every night. The
Council, we understand, is to pay the
Company sixty dollars per mouth for such
service; which sum, wo also understand,
is to he applied to buying ctqis, uniforms,
Ac."
The Hawkinsville Dispatch lias this:
“The Supreme Court has refused to grant
anew trial to John Killen, the negro now
confined in Pulaski jail for murder, and
who was sentenced by Judge Pate at last
spring Court to be hanged. It will be
come Judge Pate’s duty to resentence
Killen at the October term of our Superior
Court.”
This from the Snndersville Ilerahl : “Wil
liam Daniels, freed mini, while ginning cot
ton at Mr. Benjamin Boatright's on Tues
day last, carelessly permitted his sleeve to
come in contact with the saws of the gin,
and the consequence; was, William had a
very badly cut lined mid arm; neither fa
tally injured, however.”
An enterprising individual of the femi
nine way of getting into trouble, becom
ing tired of Savannah “sperrits,” and of
being repeatedly “jerked" up before the
Recorder for a too free indulgence thereof,
playfully informed that functionary that
if lie would furnish her with u pair of
shoes arid passage to New York she would
make herself scarce. After due delibera
tion he concluded to comply with her re
quest, considering it the best and cheapest
manner of getting rid of a nuisance. The
shoes and passage to a colder clime were
accordingly furnished, and Mary bid adieu
to the Forest City, the citizens hope, for
ever.
This from the Advertiser anil Republic it :
“It seems highly probable that copper
mining is likely to become an important
interest in Middle Georgia. Some mouths
ago a company was formed for the pur
pose of testing the value of the mine on
the place of Mr. Wm. Tuggle, near Union
Point. The company bargained with Mr.
Tuggle for the place, to pay him so much
for it ou the 20th of September, provided
their tests proved the mine to be of any
considerable value. The services of an
experienced Englishman were obtained
and some SO,OOO spent in examining the
mine. The result of the test was satisfac
tory, and last week the company paid
$15,0(H) in cash for one acre of ground,
with the privilege of mining two hundred
acres. The company will at once put up
$75,000 worth of machinery and proceed
to work the mine to its fullest extent It
is believed that it will be a source of great
1 wealth, as the mine is represented to be a
very rich one.
Death of a Murderer.
We clip the following from the Adver
tiser anil Republican of the 28th : “Zeke
Jackson, a negro man who has been con
; fined in Chatham county jail since Feb
j ruary last, and who, according to the con
fession of Scott Thurman, was charged
with the tuurder of the watchman Hous-
I ton on tin' Maggie Saflbld last September,
1 died yesterday while confined in his cell,
! after having suffered for a long time with
: consumption. Before he died, and while
! in possession of his intelligent faculties,
J with a knowledge of his inevitably ap
i proacliing death, Jackson made a full con
fession of the crime; but he stated that he
i was persuaded to go down to the vessel on
the night of the murder by some of the
other members of tile party, and that, too,
against his inclination. While there, how
i ver, lie acknowledges to having struck
the blow which knocked Houston over
! board.
j A full and correct account of this, one
I of the most brutal murders ever comniit
ted ill this section, was published at the
! time, as well as tho recent confession of
j Scott Thurman. Zeke Jackson, one of
the chief actors in the tragedy, has gone
to his final account, and while, perhaps
i death has cheated the gallows out of a vic
| tim, he has, no doubt, been hastened be
i fore the bar of liis Maker, aud called upon
: for an account of his wicked deeds before
! he expected to bo.
I Coroner Knorr held an inquest over hi*
Imdy at 8 p. m. yesterday, the veedict of
the jury being in accordance with the
above stated facts.
Florida New*. *
The damage done by the stonn in Madi
son county ie put down at SIOO,OOO.
The damage* caused by the late Morin
| in Leon c*amty are estimated at 8120,000.
Jacksonville claims that great good has
been done in that city in the Temperance
cause Within the last five years.
The Lake City Press proposes to give
#IOO for the help of St. Marks, if the city
will give #OIKI.
The Temperance and Good Templar So
cieties propose holding a Temperance
Mass Meeting in Jacksonville on the Bth
inst.
Every house in Bt. Murks except one,
was destroyed by the late storm. The
City Council of Tallahassee lias contrib
uted SIOO for their relief.
The Marianna Courier says Capt. A. It.
Godwin, of that county, will gather 200
bales of cotton from 34)0 acres of land this
season, despite the depredations of the
caterpillar. This is the best fanning we
have heard of this year.
The Lake City Press says: “We had a
call during the present week from Rev. R.
O. Sidney, M. D., the Financial Agent of
Brown University (col.), situated at Live
Oak. He desires to enlist the yro]iethy
anil support of the press of the State in
the matter. The Doctor infonns us that,
he intends to have the University built if
lie bus to build it with money out of his
own pocket.
An exchange says: “The first duty of
the Grangers, it is suggested, should be to
extinguish every orator who begins with,
‘I have not the good fortune to be a fann
er, but I have always felt the most pro
found interest in the truly noble anil pre
dominant pursuit of agriculture, and never
was that interest greater than now. ’ ”
The following from tho Jacksonville
News: “On Sunday last, a young man
named Henry Kingsbury, employed ns
night-watchman at the St. James Hotel,
while standing near one of our eity stables,
saw a young, half-broken horse led out,
which it was said no one present ooulil
manage. The young man thought differ
ently, and mounting upon the animal’s
bock, was in an instant flung violently
upon the ground. Making tho attempt
a second time, he was thrown mom vio
lently than before, and laid stunned and
senseless, incapable of speech or motion.
The service* of a medical man were at
once procured, though nearly nil present
believed him hurt beyond recovery, and
he was carefully conveyed to the hotel,
where he roeeived e very care and attention
from t'apt. Martin Hailey who has charge
of the premises until its re-opening. It
was a very narrow escape from instant
death, and we sincerely hope the lesson
will not be lost to Mr. Kings berry for all
time to come. But for the protecting care
of the Lord of the Sabbath, he might
have awoke in eternity, his punishment
being the legitimate result of a violation
of the Divine command, which none can
set aside with impunity.
The Lake City Press says: “We have
often beard of the chronic newspaper
grumbler, but would not be surprised if
the article could not he beat in Lake City.
They talk as flippantly as yon please as to
how much better they could do it. We
are perfectly willing that they should try
it. We guarantee their articles would
become laughing stock, even for them
selves.
The Jacksonville Warn line this: “From
all wc can learn, Brooklyn is becoming a
fast place, where rip-suorting Johnnies can
sample as much pine top as will fill the
bill, and then get off their superfluous
steam by waking the whole neighborhood
The cozy little game of knock-down and
drag-out is played there to perfection, and
brawls of every description are so frequent
there as to call forth especial remark. Mr.
Justice Erwin, the only Magistrate iu the
place, lavs a perfect gold mine at, his com
mand, if he will only seenro tho services
of a first class constable, aud let well dis
posed people see tlxat he means business.
C. 1). or C. J. ought to he his ultimatum
—cash down or county jail. By tho way,
why cannot the Good Templars or Sons of
Temperance select this delightful section
of country as a base for future operations,
and prevail on the community to support
them in their labors of love. They could
hardly find a better locality for future op
eratiohs.
The Jacksonville Republican says: “On
Wednesday last, Mr. James Quigley, of
Mandarin, dropped his pocket book on
Bay street, and after proet eding a few
steps missed it. Turning about, lie saw a
colored man picking it up, who immedi
ately rau up the street Quigley started
in pursuit, gradually gaining on the thief
until beyond the railroad depot, when the
colored man drew his pistol and threat
ened to shoot his pursuer if he approached
him. Thus met, Mr. Quigley returned
just in time to take the boat for home.
Yesterday he was in town endearing to
obtain some clue which would enable him
to recover his property and secure the ar
rest of the thief. With What success we
do not know. His loss was about five dol
lars in cash and some -valuable papers.”
Poor Jacksonville; they have a hard set
down there.
A Father’s Counsel.
Truth will not accommodate itself to us,
my son, but we must conform ourselves to
truth.
Hold yourself too good to do evil.
What you can see, look at with your own
eye*.
Fear no man ns much as yourself.
Learn gladly of others; aud whenever
they talk of wisdom, honor, happiness,
light, freedom, virtue, listen attentively.
But do not believe at once all you hear.
Words are only words; and when they
drive along so very easily and swiftly be
on your guard; for horses that draw a
valuable load, travel slowly.
It is easy to despise, my son, but to un
derstand is far better.
Teach not others until you have loarned
yourself.
Take care of the body, but not as if it
were the soul.
Meddle not with the affairs of others,
but attend diligently to your own.
Flatter no man, and permit none to flat
ter you.
Depend not on great men.
Do what is worthy of record, but care
not to be rewarded.
We learn that a difficulty occurred a
few evenings since between two well
known merchants of Savannah, which re
sulted iu quite a lively fist fight. The ap
pearance of a policeman, however, put an
end to the fracas.
USURPER GRANT.
Hon, Or *|<- W. .lulluiiN Anmltf itvnrtit of
tfe Preuldenl.
The Constitution expressly declares that
“the powers not delegated to the United
States by the Constitution, nor prohibited
by it to the States, are reserved by it to the
States respectively, nr to the people;” but
tin: theory on which Gen, Grant conducts
his administration is that all power* not
conferred on the State* by the Constitution
are reserved to tho United Stutea thus
completely overturning the doctrines of
the fathers, and setting at defiance the ex
press word* of the Constitution itself.
This is now the political creed of the men
who sit at the right hand of the President.
Anil he not only tramples down the princi
• ples of locul self-government, but sets up
his own will as law, even against the au
thority of Congress. In the San Domingo
affair we have seen him deliberately usurp
the war making power, which is vested iu
Congress by tbe Constitution. On the pre
tense of helping the farmers in “moving
the erops, ” we have seen him assume
]mwer* which no despot would ilsre exer
cise in using millions of currency without
any warrant of law, ami on his own indi
vidual caprice. We have seen him appoint
ing to civil places about him men in the
military service, iu violation of an express
statute which he is sworn to execute.
We have seen bim grunt a leave of absence
to Gen. Rickies from bis mission at
Madrid to aid bim in an effort to gain con
trol iff the Erie railway for bis own private
advantage, and issuing a ridiculous order
authorizing the inspection of the Isxiks of
the company, which hi* own Secretary of
the Treasury was obliged to revoke. In
disregard of law, and in violrtion of the
Constitution ami his oath office, we have
seen him quartering Federal soldiers on
the Cherokee neutral lauds in Kansas to
protect a railroad operation in driving
from their heme* hundreds of settlers,
who claimed the lands occupied by them
iu good faith under the pre-emption laws.
We have seen him standing by u reckless
and corrupt Federal judge in Louisiana
and using bim in crashing out the lawful
government of that State in order that a
gang of graceless demagogues and eon
xpirutor* may set up a pretended State
government, which even his own leading
friends and most zealous partisans confess
to be a cheat and a shame. These are a
few examples only, selected from many,
showing how the l’rocident carries the im
perial and military spirit into his high
office, amt sets aside the laws which are as
binding upon him as ujsin any ether citi
zen, while tile example of his disobedience
is pre-eminently mischievous. Th same
disregard of fciw—of its spirit, if not pow
er of pardon. Since his lute election, I
believe the first snbject of liis tender mercy
was tiie Philadelphia repeater and ballot
box staffer who was rightfully sentenced
for s term of years iu the S‘. te prison, lmt
promptly pardoned out of it- A defaulting
paymaster and gambler who stole from the
Treasurer some four hundred and sixty
thousand dollars, and wits sentenced to a
service uf ten years in the penitentiary, is
the next favorite of the Executive. If I
am not mistaken, some pardoned forgers
come next, white his reseeuo from the
gallows of the murderer O’Brien is an utter
mockery of criminal justice and an atro
cious tampering with nnmler itself. In
grsqlvtfg a pardon without cause or on in
sufficient grounds, the President violates
thu oath which solemnly binds him to
“take care that the laws are faithfully ex
ecuted,” and becomes himself an offender
against soeiety by interfering with the
operations of the law in the interest of its
violators, instead of enforcing its mandates.
If our Gov, rnment is one of law, and not
of force, and if the well-being of society
can only be maintained by steadfast up
holding the Anglo-Saxon principle of the
sacreduesa of law, then the time has come
for tho people, the fountain of law, to
make their voices heard by the Executive.
-
A Panic-Stricken Depositor—How it Af
fected Him.
The New York correspondent of the Tole
do Wade had a narrow escape. He was, so
to speak, “in tho panic. ’’ It came within
a hair's breadth of getting into him. He
says: I had a terrible experience. Awak
ing Friday morning rather later than
usual, I took the morning j>iqar before 1
dressed. The list of failures of banks
affrighted me. Dressing hastily, I
lushed frantically to the street, and
throwing myself into a cab, directed
the driver to drive furiously, like the driv
ing of Jelm, the son of Nimshi, to my
office. Suppose my banker should fail!
How I blamed myself for sitting up the
night before till 11, instead of retiring at
10, as is my custom! “Drive,” I exclaim
ed. The driver drove. Minutes were
dollars to me. To get the money ortt was
now the {mint. The office reached, I hur
riedly directed the tss<k kee]>er to figure
up the account and draw a check for the
entire amount.
“I will sign it,” he said, “and then you
go immediately, as fast as your attenuated
legs will carry you, and draw it. Get it
iu large bills. I will carry it on my per
son. 1 dislike, to do it, lint self-preserva
tion is the first law. Make haste.”
How slow he seemed! How I chafed
under the tortoise-like movements of his
pencil! Finally lie finished. Then rais
ing liis head ho gently sighed:
“Our account is overdrawn just exactly
sixteen dollars and ninety-three cents !”
Then canre over my agitated soul asweet
and balmy culm! Then did I sink back
into a state of absolute repose, and I look
ed out upon the surging street with a
feeling of indifference that was lovely to
behold. It is no advantage to have
nothing. Blessed a tho poor. But 1
did consider it my duty to go to the bank
and osure him of my undimiuishfd con
fidence in the solvency of the institution,
and to say also that iu case of a run 1
would not join iu it. This seemed to give
him new courage.
The New York Sun. says: “The South
may achieve an independence- far more
lasting and real than that for which it was
fighting ten years ago. Georgia’s farmers
are proving that the South can be inde
pendent of the West by raising its own
eorn; and the profits of Georgia and Ala
bama cotton mills show that the South can
manufacture its cotton without tlio aid of
New England. Self support is true inde
pendence.”' v
A. W. Stone, ex-Assist-ant United States
Attorney for Georgia, has built him a
magnificent residence in Denver City,
Colorado. Pretty successful stealing for
the short time he was in office.
An hour's industry is far better than a
month’s mourning.
[Braffiear N< w*, ieptcmlwJ 13.]
LYNCHING IN LOUISIANA.
Trn I'nltlr Thieves Hangid bg “Oood **d
lin vi-u billing litll.lUl"
We are in receipt of a communication
from one of tbe most respectable, a* well
as the oldest planters iu the parish of
Vermillion, and here give it in full for the
information of our readers, and more es
pecially of our friend* in thi* and sur
rounding parishes, who, for the past week,
have been at fever beat concerning the
rumors afloat in regard to the hanging of
cattle thieves in this and our sister parishes.
As there will be a great many exagger
ated reports in regard to the events that
recently transpired within this parish,
and, as I have affiliated with neither Bide
in the contest, I think I can give a correct
statement of wliat has transpired.
Since the war cattle, horse, hog and
sheep stealing lias lieen daily on the in
crease, and these broad arid beantifn!
prairies of good hi nils anil rich pasturage
have been desolated by the hand of des
peradoes and thieve* that have been per
mitted to run at large. Several attempts
have been made to organize a vigilance
committee wit-tun the buff two years, tint
such attempts have generally proved a
failure, owing to the prevalent opinion
that such an organization would be con
strued as tbe formation of a Kn-Klnx
Klim.
Such failures to organize this commit
tee did embolden tbe thieves and *o in
crease tbeir numbers that in some in
stance* the sons of respectable citizens
were induced to join them. As the law
had tied! resorted to time and again U> put
down tills wholesale thievery without ef
fect, some two mouths ago the respectable
lenders of the two political parties agreed
to Isy aside all political differences and to
make war against these highway despera
does. The good and honest citizens of
all parties and complexions are here united
against the common enemy.
The first organization was intended to
be secret, but where so many are engaged
the fact must leak out one way or an
other, as in tills instance. The thieves
learning of the formation of this commit
tee had spies prying into the fact* of this
ease, who were discovered, arrested, tried
and sentenced to be hung. While on
their way to the place of execution, being
iu the night, they made good their escape,
and Urns thwarted for tlu- time being the
doom that tiwaita them.
The formation of the vigilance commit
tee being now generally known by these
desperadoes, they publicly organized in
the town of Abbeville to resist any and
every attempt to sn'idue them. The chief
of this delectable rabble was noted for his
1 Mildness, and dittlngnished liv a rooster
feather aud a white rosette worn in his hat.
The ring-lenders made night hideous with
their veils, aud the tiring of pistols and
guns. Some of their confederates who
would lie respectable, harbored them, and
induced them to remain in town, alleging
that they would be secure from arrest by
the vigiliuits. They bought coal-oil, tur
pentine, and other combustible material,
to carry out their purposes. Their nets
put the citizens on the alert, as they might
expect a conflagration at auy moment.
The excitement continued to increase
until last Saturday, the (ith lust., it culmi
nated in some 400 of our best citizens sur
rounding the town and arresting every one
that could he found. Of these taken, af
ter due trial and conviction, some four or
five were taken across the Bayou Vei mil
ton, and hung to the limb of one of those
majestic oaks. Beveial more have been
hung at different [mints throughout the
parish, and verily, a salutary lesson is be
iug taught
There is, no doubt, a chain of these
thieves extending from New Orleans to
Texas; but a tremendous and telling raid
lias been made on them by the vigilant* of
this parish; and a lesson lias been taught
that will not soon be forgotten.
As good nnd law-abiding citizens, wc do
not approve of this scE-constitutcd au
thority, assumed under the name of a vig
ilance committee; but with us it was the
last chance to protect ourselves and prop
erty from this villainous gang of thieves
and highway robbers. A thousand eon
siderations urge us to put auioptothis law
lessness and these outrages that have been
committed against our citizens from time
to time. With the best s.iil aud climate
in the world, this section of our State
would be the most inviting iu the whole
country w ere it not for tlit-se vagabonds
that lmve been permitted, up to this time,
to live among ns. But anew era seems
to have dawned, and the people are already
greatly encouraged. The continued or
ganization of the vigilauts, until we are
rid of these thieves, will be a great bless
ing to this community, aud will enhance
the value of our property an hundred
fold. E. Ewino.
THE CAST rrOITIVE Hl'NO.
Ou Tuesday last offieers Jorct and Mc-
Cartney arrested one Tcto Manx, who was
wanted by the officers of Iberia parish to
answer a charge of cattle stealings and
placed him in charge of a special officer
from that parish, who came down on the
mail boat Minnie Avery, nnd who returned
with his prisoner on the same boat. When
the boat lauded at Jcanerette four men
came on board and demanded the body of
Manx.
The special officer refused to give him
up. The four men then called for assist
ance, and a crowd of twelve men, well
armed, but orderly, came on board nnd
compelled the officer to surrender up the
body of Manx, who was taken to the plan
tation of l)r. Diuigan and there hanged.
We iia 1 informed that Maux was one of
the ringleaders of the Vermillion parish
thieves, and was one among the number
who defied the vigilance committee in Ab
beville.
A young lady on the third tier of the
opera proposed this riddle to a married
gentleman while he was looking up admi
rably at her from the stalls: “Why is a
hen-pecked husband like un opera-hat!”
He laid: “As yon are apparently so much
more elevated than I am, I give it up.”
She replied: “Because he’s very big when
lie’s out. but immediately shuts up when
he gets home.”
A Methodist minister out West was in
vited to take tea by a member of his circuit.
The food consisted of cake made of Indian
meal. When the elder opened his slice,
lie noticed some feathers iu it.
“It seems to me, sister,” said he, “that
your Johnny-cake is feathering out.”
“There,” the hostess replied, “I told
my husband the other day that he must
either get a cover for the meal barrel or
remove the henroost.”
Brigham Young preached a sermon lately,
in which be said that the sisters thought
they had a good deal to bear, bnt if they
could stand in the shoes of their hnsbands
they would know what trials and perplex
ities are. “Just fancy a man,” said tho
prophet, “with two or three or half a dozen
beloved wives catching him on one side,
and, before he can take half a dozen steps,
more wives catching him on the other,
with ‘I want this,’ T want that,’ 'this is
not right, ’ and so on; their minds just
pulled to pieces.”
TELEGRAMS.
MWtry Panic, Yrlloss VfSrr,Or-
THE SITUATION it! SfcW tOkK.
New Yoke, Sept. So.—The resumptioh
of Smith A Reaver was received with
cheers at the Stock Board. The impres
sion prevails Unit all the leading bouses
will pull through. Rterling is unsettled
but improved.
3p. m.—The stock market is still with
out excitement, and closes firm. Western
Union is quoted at 66], Rock Islund 91/
Lake Shore 74], Union Pacific 19], Pacific
Mail 33.
Application was made in the United
States Circuit Court to-day for an order
enjoining the Comptroller of the Curren
cy and Receiver iff tbe Bank of tbe Cow
wealth from proceeding furthef ih nraffef*
of the bank, also for a citation to show
cause why the receivership should not lie
vacant and the appointment declared null
and void, on tin; ground that tbe tank
never refused to redeem any of its circu
lating notes. The citation was granted
and mude retarnable on the seventh day
of October.
KNi.i.ish note*.
London, Sept. 30.—The demand for dis
counts of the Bank and on the streets is
active at 5 per cent I) is patches from 1
Berlin indicate financial trouble and the
possible interference of the Government.
Rome stocks have fallen 20 per cent.
A number of new cases of cholera hove
appeared on the ship which brought tho
. disease to Liverpool. The vessel is closely
; quarantined.
There were several railroad accident* to
day with loss of life. The must serious
one was on the Scotch Road.
WASHINGTON NEWS AND NOTE*.
Washington, Sept. 30. The tanks and
banking houses associated will do nothing
more than to certify checks. They do but
little business, while those not in the As
sociation have largely increased their busi
ness, paving all checks on them as usual.
Among the latter is G. W. Riggs, who,
since Saturday, has refused to receive
eight hundred thousand dollars on depos
it, not caring to enlarge his business and
employ additional clerks.
from MEJirms.
Memphis, Sept. 30.—At a large meeting
of the Chamber of Commerce this morn
ing, called to consider the financial situa
tion, a resolution was received from the
tanks of this city to the effret that they
would not suspend, but would open, in ad
dition to their usual business, an exchange
account to be paid in kind, for the pur
pose of removing cotton, which was unan
imously adopted by the Chamber.
A FINANCIAL FTSS.
Leavenworth, Sept. 30.—There is
some indignation among the stockholders
and depositors of the First National Bunk
of this city in consequence of the Vice-
President ordering the board to snspend,
and at the same time drawing from the
bank nearly one hundred thousand dollars
in currency to sustain the credit of Scott
& Cos., bankers, of which firm Vice-Presi
dent Lyman Scott is a partner.
FROM CHARLESTON.
Chahleson, SEpt. 30.—The Union
Bunk continues the payment of currency.
The deposits excis'd disbursements.
Three-fourths of the cotton sales to-day
were for gredtlxieks, instead of exclusively
for sterling, as has been the case since the
crisis.
THE ARKANSAS MEDDLE.
Little Rock. Sept. 30. —The Attorney-
General yesterday withdrew the suit
against Governor Baxter. Tbe Governor
issued his order disbanding the militia.
THE YELLOW FEVEII IX MONTGOMERY.
Montgomery. Sept. 80.- -There was one
death to-day, and five mild eases are un
der treatment, A spread is oot appre
hended.
FAILED.
Chicago, Sept. 30.—The Union National
Bank has gone into liquidation.
THE MODOCB.
Fort Klamath, Oct. 2.— The erection
of a gallows for the Vodors has commenced.
Thy will hang from one beam in public
on Friday morning at 10 o'clock.
FROM BERLIN
berms', Oct. 3.— Trade and speculation
are almost suspended, and a panic on the
Bourse is apprehended.
SnStKL.LV X EOl'S VI) VKHTISKSIE VI'S.
Wu. H. STAKK. H. P. RICHMOND.
WM. H. STARK t CO.,
Wholmalr Groctni,
Commission Merchants and Cotton Factors
Corner of Bay and Lincoln Streets,
SAVANNAH, GEORGIA.,
Agents For
E. FRANK COE'S BONE SUPERPHOSPHATE
WAjfitnlii* Light Draft Cotton Ginn,
PRINCETON FACTOTY YARNS.
ARROW TIES.
Careful Attention Given to
Sales or Shipment of tot tow
—*>*!—
ALL KhVDS OF PRODUCE.
s'T.il>t*nil ADVANCES made on Consignments.
R . I)A VIS,
(Socct ssor to Bluzl Spiegel* Cos.)
Cigar Mannlactwer,
AND DEALER IS
CIGARS.
SMOKIXG AXD CJIKWIXC TOBACCO,
Etc n
CORNER OF BULL AND STATE STREETS
Opposite Court llitfie Sipuewe,
aug9-tf Sarvannnfi, Georgia.
J. S. K S N O W,
DENTIST,
Quitman, - - - - - Georgia,
Office Up Stairs, Finch's Corner.
aug'-tt-im