The independent. (Quitman, Ga.) 1873-1874, October 04, 1873, Image 2

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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