Weekly chronicle & sentinel. (Augusta, Ga.) 1866-1877, November 20, 1867, Image 1
OL!) SERIES, VOL. LXXVI. (LhvcmicU & f cniincl. HeS IIY HOOKE, A. 11. WHIOIIT. PATRICK HALSH, Associate Editor. TERMS OF SCBSCttIfTIOM. dally. 0« cocoa. «i <* WEEKLY. AEOUSTA. OA : W£D\’.al) 1T MOHM Mi, .TOVKiBEB 20, Fertilizers —The attention of planters is directed to the advertisement of Messrs. Wilcox, Gibbs & Cos., direct importers of Guano. Homicide at Gordon. —A Mr. Fowler, of Macon, shot and killed a Mr. Lam pee at Gordon on Friday. Lampec first shot Fowler in the leg. Fearful Mi lder. —A German named Adolph IE utch was murdered by a negro near Chattanooga last week. The body was terribly mutilated. A wagon stand ard about fifteen inches long by two inches wjuarc, of hard wood, was found close by covered w.'.hclotted blood. Diligent search was made for the murderer, but without success. Resolution of Thanks.— Resolved, by the membership of Aebury M. I*l Church in Augusta, that their thanks are due and are hereby tendered to Mrs. L. D. Lallerstedt, a member of Pierce's Chapel, in the country, and to the ladies of the city, who gave very efficient aid in the entertainment of the Cth and Tthinst., at Masonic Hall;'and also to others of the city who, by their aid and influence, ren dered us valuable services in the accom plishment of the worthy object. Savannah. —Mayor Anderson, of Sa vannah, received a communication Satur day from Secretary McCulloch, of the Treasury, in which he states that the Hydrographic party which have been en gaged in making surveys and improve ments on the coast of Maine, have been ordered to Savannah for the purpose of removing obstructions from that harbor and deepening the channel. This we learn from the Republican. Plant Wheat. —The farmers of Ten ne- ■' o are sewing their cotton land in wheat this fall, having become thoroughly disgusted with the great staple and its markets. The planters of Georgia will find it profitable to follow the example of their Tennessee friends. There is more money in wheat at $2 50 per bushel than in cotton at 10 cents per pound, less 2i per emit, tax, commissions, etc. —wliiti. nets about 12 cents —out of which the planter has : i pay all the expense of production. With the prospect of still lower prices in JBos, it will be suicidal for our people to continue planting cotton on an extensive scale. It won’t pay. Cotton.— The latest news from Liver pool is up to Friday evening. The cotton market closed firm and active at an ad vance of 1-1 fid. Sales 15,000 bales. Mid dling Upland 8 11-16d. New York closed quiet yesterday, but it is probable tho fa vorable news from Liverpool was not re ceived in time to influence tiie market. Forty-Six Thousand I—The great State of New York has given forty-six tlusand majority for the Democratic party. Des-trix sive Fires in Camden Coun ty.—We learn irom tho Savannah Re publican that a destructive fire occurred at Jefferson ton, Camden county, Monday night, 4th inst., which destroyed all the stores in Wie place. The fire was the work of an incendiary. There was but very little insurance on the goods and property. The fire at Fort Valley was very destruc tive. The total loss is estimated at $48,- 000, on which there is an insurance of $13,700. It is not known how it origin ated. Gold and Politics. —The Macon Tdtgraph vt properly observes: “About tho time of the California and Maine elections gold went up, aud the Radicals raised a howl that it was owing to the loss of confidence in the Government arising from the Democratic victories. Since that day, Radicalism has been routed, horse, loot and dragoons, in Pennsylvania, New York, and other Northern States, and, strange to say, gold has gone down, and is lower to-day than it has been in months ! Will the Radicals explain the extraordinary phenomenon, and reconcile it with their doctrine of a month ago?” Important Arrests. —Lieuts. Evans and Johnson, of the City Police, succeeded Monday in arresting the notorious colored thiol'and burglar, Pan Thomas. A short time since he was tried for burglary at the residence of Mrs. Barrett, on Broad street, and cleared —yesterday lie confessed his guilt in that case, and produced the stolen goods ! On Tuesday night last he robbed a negro; and on Sunday night he stole a lot of clothing, etc., front the residence of Mrs. Miller, on Reynolds street. lie also confessed to having robbed the resi dence of Pr. J. B. Carter some time ago, and rave up the jewelry then stolen, lie is the same party who was convicted of robbing St. Paul’s Church a year or two ago, ands- ,-ved twelve months on the j chain-gang for that offence. The County Court yesterday committed him for tria'. Croat credit i- due to the officers named, as well as to the Chief of Police, Mr. Christian, for his arrest aud the recovery of the stolen property. Radical Bi. vsphemy. Brownlow s success iu political life seems to have in spired a whole tribe of small demagogues to try their hands at blasphemy. Gen. ilarriman, in a speech at Binghamton, A. recently, thus delivered himself: ‘'Treason still lurks throughout the South. The rebels have only been dis armed —not subdued. They are entitled to no rights—and still merit the severest punishment. To quote the language of a minister way up in Hampshire instead of civ n- them place and power the y ouaht to l, taken h the n«rc of th-- neck and held over licit till thiy squall,. J like cats! Hell will never be full nor the devil sat isfied until Brownlow, Ilarriman , Ste vens, Wade, Sumner, Wilson, Philips and the balance of the crew have been trans ferred to his dominions. Buy as, II.\aTR:iH'.E& Cos., Savannah. The gentlemen who compose this well known firm in Savannah are men of wcll t tablished reputation for commercial sa gacity and integrity. The house, a* will be seen from an advertisement in another 1 column, is prepared to make advances op shipments to their friends in Liverpool, New York. Philadelphia and Baltimore. See their card. Josiah Sibley & Sons.—The atten tion of our readers is invited to the card of • this old and well known house, which ap pears in this morning’s paper. They are prepared to make liberal cash advances on cotton consigned to themselves or to their ‘friends in Liverpool, New York, Boston, Philadelphia and Baltimore, The house of T. Sibley & Son - is one of the institutions of Augusta, and justly merits the extensive patronage it receives. We commend the firm to the attention of our planting friends. Godey’s.—Mr. P. Quinn has received Godey* Lady'* Bool: for December — always welcome to the ladies. All the latest publications can be had at Quinn's depict. Northern Opinion of the Late Election. j In another column we present to our readers the comments of the Northern press cn the overthrow of Radicalism. We can offer nothing more interesting. It is by the press and through the press that we must catch the spirit of the North and estimate the will of the North, and learn the rendering with which the a:t3 of the people in the late elections is con strued. The reader will not fail to mark the con current opinioa which characterises the organs of both parties. The Democrats rejoice exultingly in success, but they point to the Radical rump measures as giving them that success. The Republicans admit defeat, but with wonderful unanimity attribute their defeat before the people to the -ame cause. Even “old Ben Wade" is on the same line, and calls Sumner’s “Confiscation Bill d—d fooling,” and has not “made up his mind whether he should vote for Sumner’s Suffrage Billorr.ot.” Old Ben may well pause. The condem nation of the Radical rump by the people is unqualified. Hitherto that rump has dominated Congre-s, the Executive, the whole country, and ruled with a rod of iron the Republican party. liotkless and unscrupulous they have disregarded na tional traditions, constitutional obligations, and even tiie commonest precepts of justice and common honesty. It was their im perialism that inaugurated and forced upon the Republican party and the country that rule or ruin policy which involves the present utter pros tration of industry and promises to overwhelm in wild, hopeless, irretrieva ble ruin all substantial interests, every right of citizen-lap unless recognized by the ephemeral requisites of party alle giance, and threatens to overthrow the fair fabric of Republican Government either in the chronic convulsions of Mexican anarchy or by the imperialism of military despotism. , The Republican journals, in admitting defeat, vainly endeavor to throw aside the disastrous effects by dwelling upon Republican apathy, arid content them selves by exhibiting statistical calculations of the exact number of (jit) apathetic, who have proved so derelict and indifferent to party interests as to permit power to pass into the hands of their antagonists. Even ' if it is admitted that mere apathy was the sole cause of defeat, this, of itself, is suffi cient condemnation. These apathetics virtually scy we will not and cannot endorse the measures of' the Radical rump leaders. We will not and cannot endorse, by our ballot, universal negro suffrage with its concomitant universal negro equality, nor confiscation, nor impeachment, nor the military governments in, the South with their Popes and Sheridans.— We will not prove so recreant to past affiliations as to vote against the parly, but the opponents of that party may take the power until these things are changed. But this is not all of the story. The Republicans have not alto gether been so apathetic. The condemna tion does not consist wholly of such indif ference. It is much more marked and severe. It is pointed directly against the cause 'of offence. It is the work of the people, whether Republicans or Democrats, and indicates, with unerring precision, the cause of distrust, and rebukes in tones that cannot be misunderstood. In all the States, whether Republicans or Democrats were elected to office, they unqualifiedly and overwhelmingly rejected the Consti tutional Amendment. They have repudi ated the Radical rump. They have plainly and unreservedly declared that this is the “white Ulan’s Government.” They have repeatedly declared that the sur render, under the Appomattoxjapple tree, should not be converted into a surrender of the Government, into the hands of il literate negroes—descendants of Congo and Guinea, and Dahomey—just emerging, for the first time, from the depths of a bar barism of thousands and tens of thousands of years. Nay, more, it shall not be sur rendered to any factious fanatics, repre senting these black neophytes in civiliza tion. They have unqualifiedly and overwhelmingly rejected the Consti tutional Amendment, and, with won derful unanimity, proclaimed that this is aud shall be forever, the white man’s Gov ernment. This is the language of a fifty thousand Republican majority of Ohio to Democratic office-holders. This is the lan guage of Republican Kansas to her Re publican legislators and Republican Con- gressmen. Reckless, unscrupulous, fanati cal Radicalism is spurned and rejected by the people, whether they bo Republicans or whether they be Democrats. To us of the South, these lofty, patriotic declarations of the honest masses of the North bring the dawn of hope, of confi dence, ofprosperity.lt has long and ardent ly been looked for. it was long and wearily deferred, and being deferred lias inflicted upon us suffering, and cruel exactions, and humiliating tyrannies, and still more humiliating degradation and incon ceivable material damage, covering us up, as with a pall, with doubts and perplexities and anxieties—crippling and crushing our energies and industries and wasting our piti ful remnant of resources, and has eonvert ed the Star Spangled banner from a proud symbol of freedom and protection iuto a doubtful emblem of tyranny and military op pression. It has left us with a threat against our hearth-stones of so many and such dire evils as made the heart grow sick in contemplation, and allowed no remedy to reason but the sacrifice of expatriation. Now faith, hope and confidence revives. Sectional disputes and sectional strife, with its bitter hatred, and reckless, unscrupu lous fanaticism, stands rebuked, con demned, crushed, by the North and at the North. The unscrupulous, mad ambition which, iu its desperation, it would use as a tool—the ignorant negroes of the South— to secure and wield the power of the Gov ernment and control and mould the des tiny of this great Republic, is spurned and rejected by the people. Henceforth both parties, and all parties, will receive as a fundamental axiom—that, with universal freedom under a common law for all na tions and tongues and kindred, this is the white man's Government. This is the mandate of the people, of Republicans to Republicans, of Democrats to Democrats —all, stern, inflexible and unalterable. White men founded this Government in a wilderness —have nurtured and maintained and developed it by their brains, blood and energy—and white men shall mould and control its destiny 1 Counteefeit Fifty Dollar CoMroi ND Interest Notes.—The Xaf.bnal IntdK gcncer says the sensation paragraphs re specting these counterfeits, we are author ized to say, are a mere rehash of an old affair. The counterfeits referred to were discovered a year ago. the gniky parties arrested, tried, convicted sentenced and punished long since, and the plates themselves are now in the possession of the Treasury Department. It seems a few of these notes were in the possession of banks, where they remained until they wire lately called forth, by the operation of the law authorizing them to le convert ed into three per cent, certificates, whoa their character was detected, hence the new alarm. TnE Modern Dogberry.—Alluding to the fact that Ileverdy Johuson has recent ly published a strong pamphlet against Reconstruction, the Charleston Hcrcurj thinks he should “write himself down an ass. “ because the “Honorable Senator” net only voted for these acts in the Senate, but : strenuously urged upon the Southern peo ple to accept of and to support them ai though “violating the Constitution in | everv line. Fatilotic Address. We devote much of our space tills morning to the address of the Conserva tive Convention recently assembled at Columbia to the people of South Carolina. In our opinion, it is one of the ablest, most eloquent, patriotic, and withal practical papers ever issued by any political body. It presents to the world not only the con dition of South Carolina but of all the Southern States, and is so applicable to Georgia that we hasten to lay it before our readers. The manly tone in which it protests against the wrongs heaped on the suffering South, must commend it to aii who really desire the preservation of liberty an I the perpetuation of good gov ernment. Referring to the character, composition and proceedings of the Convention, the Columbia Chronicle says : “No assemblage of delegates from the people of South Carolina ever met in Con vention, which presented a finer array of the intellect, ability and wisdom of the State, than that which convened in this city on Wednesday last. The most distin guished citizens in the State onae togeth er to mingle their counsels and exchange their views upon the great questions of the hour. It is needles:- to say, that what ever has been done has been done deliber ately, and according to the best judgment of the best men. E very word and act has been carefully weighed, and that which has been promulgated as the result of the Convention has passed an ordeal of calm and unimpassioned scrutiny, which enti tles it to the consideration of the public. All appear to have been impressed with the solemnity of the crisis, and determined only to do that which would tend to pro mote the public weal.” Hon. S. J.;ilay and the Jury Gro#r. The Charleston Mercury says Hon. S. •J. Hay, District Judge for Barnwell Dis trict, has recently, following the example of Judge Aldrich, declined to carry into effect the military orders in relation to the formation of juries, and In so doing de livered a lengthy and able address to the members of the bar in attendence upon the court. In that address lie discussed elabo rately all the questions involved in deciding what were the duties o f a judge in the premises, and in so doing he selected the opinion of Hon. George S. Bryan, United States District Judge for South Carolina, published some time since in the Mercury, as the only able defence of the other side which he had seen, and directed his argu ments against the various positions and points ‘herein contained. He handled the subject in a masterly manner, supporting every position which he took by constitu tional law. After quoting the famous resolution of Congress that the war was conducted in no spirit of oppression, but only to preserve the Union, he concludes as follows : Can language be plainer this ?or convey propositions more distinct with graver or more earnest emphasis ? And here, gen tlemen, I seem to catch a glimpse of what would have been, had the people of the North . been as temperate in victory as they we re unquestionably patient, un yielding aud persevering underdisappoint ment and defeat. I seem to see-—as the smoke and dust and blood of a thousand battles are lost in its widening shadow— rising majestically before me, aud standing on deeper and broader foundations —freed from every element of sectional discord in ail its grand proportions, stronger, dearer, never more to totter or to fall, the noblest political structure ever reared by man, while the united voice of a reconcil ed and rejoicing people, swelling from sea to sea, “like the voice of many waters,” is lifted up in praise and thanksgiving, that though wind and storm and flood have beaten against aud swept over it, the /Vincudcari Union yet stands secure. -where our fathers founded it, on the “rock” oi the Constitution. And, gentlemen, though we have drifted far from “the aneieut land-marks,” it is as true this day, as when announced by one of the fathers of the republic, and acquiesced in by all the rest, that “this Union can never be held together by force." While the present unnatural state ofthings exists, this is not the Union of our fathers. Nor can that Union be restored by pouring out the life blood of States, once high contracting par ties to thecompact. I know that these terms have become obsolete, but we must return to them, or this Govcrnmentbeeometo all, what it now is to the South—a terrible military despotism. That flag—once the symbol of liberty and equality between the States—and once floating for the protec tion of all their citizens alike, on every shore washed by old ocean’s waves, and in every clime visited by the winds of Heaven, cannot long remain a blessing to one sec tion and a curse to the other: they cannot | reserve its stars l'or the North and its ! stripes for the South. It is as sure as that | it now waves in triumph over our closed i and silent temples of justice that when the ! liberties of the South arc consigned to the ] tomb, those of the North wilt have re ! ceived a death-blow from which recovery | will be hopeless. I am aware that I | might have taken higher ground in this j argument, but preferred dealing with things as they are, and not as they should | be. Congress professing to believe the | compact between the States indissoluble, it | had been both good logic and good law (on j their part) to say, that all acts passed by j those States from the ordinance of seces | sion to the date ol its repeal, were null and j void. But to say that in consequence of | this unlawful legislation they ceased to be ! States, or to have legal State governments, [ is just, and simply as illogical as it would ! be to argue, that because three of seven 1 (or ten of thirty-seven) partners engaged in conducting ousinass iu accordance with certain written stipulations, withdrew | from the concern and violated the articles I of agreement (if you will), therefore they I had ceased to be men. Cotton and Cereals. —Our planting friends should devote their land, labor and time to the raising of cereals. Plant wheat now and plant largely and thorough ly, and you can snap your fingers at your enemies. Cotton is played out. It won't pay to produce cotton and sell it for nothing. Wheat, corn and stock raising will pay, and we trust our planters and farmers will turn their attention to that true line of policy which can alone make our section self-sustaining, independent and prosperous. The relative profits of cotton and cereals are well set forth in the following from the Little Rock (Arkansas) Gazette : This year’s experience will be sufficient to convince the firmest triend of cotton cul ture that it must be abandoned at once or our planting community will be bankrupt. We understand that planters in this vicin ity are paying one dollar « hundred for picking cotton. This is equivalent to three and a half cents a pound for lint cot ton, and to this add the tax, and one-half the value of a pound of cotton iu this mar ket is consumed. Now is the time for sowing wheat, and | we trust a large crop will be put in this year. Planters are under no obligation to ruin themselves by planting cotton merely to furnish employment to lazy, capricious negroes. Wlie.-v is worth $2.50 per bushel in the Western markets. At this price its production would be profitable on any soil in the State. If a good crop is put in hereabouts the coming year, mills will be erected to convert it into flour here at home, and a ready market will be found for ail that can be grown. The New Orleans market expects to ob tain a large supply of its corn from Arkausas this year, as the crop of the West is very short. It will command a good price and prove a far more remunera tive crop than cotton. The Cleveland PlaindeaJcr says : "It is now stated, on the highest Radical authori ty. that some weeks ago a distinguished Radical politician talked with Gen. Grant about the flattering prospects of the Re publican party, with the view of obtaining some impression, but, on the conclusion of his remarks, Grant coolly said: ‘What loyou think of Marshal Brown's slut's ■ pups?’ , A 3 oung man named Peter Wiliiamson, Jr., living at Bordeutown, X. J., recently had a finger crushed by accident. _ The injured finger was dressed, and it was thought would in time get wai, but after eight or nine days it mortified, lockjaw c-n --| sued and death soon followed. AUGUSTA, GA., WEDNESDAY MORNING, NOVEMBER 20, 5867. Five-Twenty Bond: in Europe—Butler’s Repudiation Scheme. From the Lon don Times, October 20. The recent discussion in the United States upon a proposal made by a leading Republican, which had a tendency toward repudiation, ought not to be dismissed as a chance occurrence of the hour. It helps us to understand the thoughts and inten tions of the people with regard to the pay ment of their debt, and it defines with some precision the particular type of politician who is ready to seek for popularity by rec ommending an evasion of the national re sponsibilities. Thus far the only pressing advocate of dishonesty is to be found in the Radical ranks, one member of the Demo cratic party who was understood to favor a similar idea having long ago explained that he meant something totally different. The people are indebted to a leader in the “party of progress” for the latest blow aimed at their national credit. It has been repeatedly stated in America, and never contradicted, that Mr. Thaddeus Stevens favors some scheme by which the national creditors would be def rauded. Mr. Butler, however, is the only champion of a policy which borders on repudiation who has hitherto defended and supported his opin ions by letters to the public journals, and who still profess to be unable to perceive anything unworthy of the American people in the plan which he recommends. A Re publican is identified with the proposal, but the party, as an organization, has from the first discouraged it by every means in its power. The Democratic party is not less earnest in insisting upon the obligation which rests upon the nation of paying the debt in full. What, then, are the pros pects of repudiation? We believe there arc- ample resources at our command for deciding this question, and for estimating with some certainty the reception which Mr. Butler’s advice will meet with through out the United States. In the first place, it is important to re member that the bonds are largely held by small owners scattered all over the U nion. Among the records in the Treas ury Department at Washington are ma terials for forming a judgment with re spect to the actual classes who now own the debt. It is possible that a full register is not accessible, but the official documents aro comprehensive enough to enable the authorities to understand among what sort of persons the bonds are distributed. There is no doubt that since the conclusion of the war the traffic in the national securities has been extending among persons of limited means, among the poor but thrifty class, rather than in the wealthy portion of the community. Farmers or tradesmen have bought bonds with their savings instead of laying the money aside in banks, and the result is that the buik of the debt is at this moment divided among the frugal classes of the United States, who hold it in small quantities, and regard it as a secure source of investment. This state ment is sustained by the fact that the total amount of bonds held in Europe repre sents no more than six hundred million dollars, so that two thousand miilionsabove this sum is retained in the United States, and, although rich individuals or corpora tions subscribed heavily, still the tendency has been and still is that which is above described—-namely, the absorption of the securities by people of average means, and consequently of the greatest numbers in the community. To talk, then, of Americans repudiating their debt is to assume that they have made up their minds to rob themselves on a gigantic scale. What they would gain by repudiation of bonds, held abroad, is a fraction compared with what they would lose upon bonds which they have pur chased with their own money. It is true that a vast majority of the citizens of the United States do not hold any portion of the debt, but two large a proportion have taken it up to render repudiation possible. To say nothing of higher considerations, the debt is the debt of the American na tion, and repudiation would beggar them, while it would only slightly affect Europe an creditors. We have a right to assume that a people which has lent itself money will not deny the debt, or render it lawful in any one to decline contributing to its discharge. If, indeed, all the debt were held in Europe there would be a tempta tion —laying aside for the moment consid erations of honor —to refuse to pay it. But the self-interest of the Americans warns them from the path which a Radical member of Congress solicits them to take. assuredly pay their debt is further forti fied by the decisive fact that even now, when elections of the highest moment are pending, and politicians would be willing to buy votes'at any price, there is no party or section of party, no newspaper, no man of decent repute in the country daring to breathe the word “repudiation” in the ears of the people. The Democrats are earnest, and even? eager, in their assevera tions that the policy of the party is, and always must bo, to meet every loud ever issued honestly and fairly. No one affects to doubt their professions. The Republi cans, with two or three known exceptions, are resolutely in favor of paying the debt. Who, then, is to repudiate it? Where are the repudiators? Will it be suggested that a totally new party will soring into existence on the “platform” of Butler and his associates ? No one can say positively that such an event will never happen, but we can see for ourselves that all the indi cations of public feeling are strongly op posed to it, and that the first symptoms of an almost inconceivable change nave yet to appear. Butler has been unanimously condemned in almost every quarter, and yet his proposition went no further in terms than to pay off a certain issue of Five twenty bonds in paper instead of gold. He alleges that the Government did not specify the currency in which the principle should be paid, and there is some question whether he is not technically correct. But it is urged with justice that people bought these bonds upon the faith that they would be redeemed in gold, and it has been shown that agents usually employed by the Government issued the certificates with that assurance. Thus we find proof of a disposition universally prevailing the very opposite from that which men like Butler desire to encourage. The last strong probability which we shall mention against the adoption of re pudiation is the spirit which the people of the United States are everywhere mani festing in reference to the subject. They are reasonably proud of the position which they occupy in the family of nations, and they are perfectly well aware that they would sacrifice it completely, and dishonor themselves as never a great nation was dishonored before, if they acted upon the counsels of an unscrupulous demagogue, and deu-auded the whole of their creditors. They can see as well as we in Europe that repudiation would be an eternal disgrace to them, would ruin their commercial rela tions with every people, and would render their name a by-word in the world. The shame and indignation with which they scout suggestions like Butler’s are unan swerable evidence of their anxiety to meet all the claims upon them without deduc tions or evasions. They have endured enormous taxation in order to accomplish this purpose, they have undertaken a set tled plan for the gradual liquidation of the debt, and it is more than likely that they would assent to still heavier taxation rath er than have their national name dragged in the dirt. Until, then, they show signs of bung influenced by a different spirit, they are entitled to expect us to believe that they will pay their debt, and pay it in : all and in gold. If their intentions are at any time misunderstood, they have to thunk their own countrymen for the inju re. and among the wrongdoers there is no one man who possesses greater influence than the ex-Governor of New Orleans. front the London Economic October 20. Those who have- read the English economical controversies of the year 1822 and thereabouts—not so numerous a body now as they were once —will remember how persistently it was maintained that the war debt having been borrowed in a depreciated currency, ought not to be paid off at par in a gold currency. It was seriously contended in Parliament and out of it. that Sir Robert Pee! had enriched the bondholder by the act of 1819, and defrauded the country, because he thereby made the nation pay full in coin what it had received at a discount in paper. The answer was that during the whole war there had been a resolution of the House of Commons to return to cash pa\-- ments within a certain time after the meet ing of Parliament The English Govern ment. therefore, got its paper upon the contract to pay it in gold, and though the bargain was costly, it was the best which could be made at the time. The same question now arises in Ameri ca, and in a very curious form. _ The cele brated* Five-Twenty bonds (that is, payable ai the Governments option in five years, and at the holder’s option in twenty yearsi. specify that the interest should be*" paid in coin, but do not say that the principal shall be so paid; probably, in strict law, payment in “money,” that i-\ in greenbacks, which are legal-tender, would be adequate- Railway companies and municipalities Lave so their debts, and there is no legal reason why the Federal Government should not do so also. There are, however, two great reasons why it should not—one of morality and I one cf policy. As to the morality, exactly as in the English ease, tne money was borrowed upon the faith ih:at the issue of inconvertible paper was a.temporary expe dient which would pass ayn 7 with the war, or before the war. The difficulty of getting back to specie payments was never imagin ed ; and no one supposed that the Govern ment notes would be at a discount when .he Five-Twenties could be paid. Conse quently the Americans are as much bound to pay in coin as the English were. And as to the expediency, the United States will ruin their European credit it they pay in paper, for no one who lends to them hereafter will ever know what he will re ceive. As yet, these' views are those of all par tus. The Republican party borrowed the money, and established the National Banks, which are large bondholders; they are, therefore, firing and the Democratic party do not seem to chink it will “pay" to start any sort of repudiation. 'That may happen in the after times in so cipfased a thing as American finant no oj: can say, but as yet there is no risk. Ircae of those who propose a payment in paper possess much influence, or are worthy of any respect. Comments on the Elections. THE STATE ELECTIONS—TIIE OVERTHROW OF RADICALISM. Tne Radicals who controlled the Re publican nominating convention to exclude from their councils the Conservative de rm nt of their party, and to go before the people on the issues of negro supremacy and a national bank oligarchy ; and the people of New York, liHLthose of Cali fornia, Ohio and Pennsyl*na, have repu diated them aud rendered an verdict against their YtuieHf revolutiona ry policy.— JV. Y. Herald. THE ELECTION. We are beaten by Republicans this year and the work of reconstruction thus prac tically delayed if not arrested. The South ern rebels are virtually told by the State of New York: “Hold on; vote against conventions wherever you are strong enough to defeat them ; refuse to vote wherever you can thus hope to discredit and damage the process more than by voting ; and you may yet resume control of your respective States and trample the white and black Unionists under your feet through the disfranchisement and virtual re-enslavement of the latter.” We may look for more and more palpable and powerful resistance to reconstruction un der the policy of Congress to any recon struction which implies that blacks have rights which whites are bound to respect —from this hour onward.— New York Tribune. THE VICTORY. __ By yesterday’s work the “Empire State” placed herself at the head of the noble army of commonwealths whose mis sion has been here and now to stay the hands of the architects of ruin, and whose mission will be in the ; r and the contests that are to come, to redeem and restore the Union, and to establish peace and rep resentative self-government throughout all its borders. New Jersey has returned to her old place with a victory worthy of her best days. The old Bay State takes a tremendous start toward the Union line. Even Kansas repudiates negro suffrage. Wisconsin and Minnesota, tliough.our returns are very meagre, show Democratic gains. The Northwest is no longer to be reckoned a stronghold of Radicalism.— N. Y. World. THE NEW YORK ELECTION. The increased Democratic majority in this city since last year, is brought about by a diminished Republican vote of 8,000 and a gain of only 5,000 to the Democratic vote. The entire vote and registry of last year and this, compare as follows : Registry in 1866 122,142 Democratic vole 80,677 Republican 33,492—11-1,169 Non-voters in 1866 7,973 Registry in 1867 128,096 Democratic vote 85,809 Republican 25,640—111,449 Non-voters in 1867 16,647 [iY Y. Times. • THE RADICAL WATERLOO. The election news which we give our readers this morning will fill with joy eve ry Democratic heart. Rarely has it been our lot to present such cause for rejoicing. Tovtv—lPaWro U- ity ?U the Union—New jonty of 60,000 for the WiiitcTfitirf R t and the returns from the State indicate the success of the Democracy by an over whelming majority. In the other States which voted yesterday the Democratic gains have been enormous, and a now im petus has thus been given to the swelling wave of Democratic triumphs throughout the country. At the late hour we write it is impossible to particularize. We refer our readers to the figures as they appear in our telegraphic columns. Enough is now known to satisfy the popular heart that the reckless band of Congressional traitors lias been sternly and fearfully rebuked by the indignant masses, and that the day of our redemption has dawned.—Philadel phia Age. TIIE ELECTION. Kansas seems to have voted down both the suffrage amendments. It is worthy of notice that the idea of extending the right of suffrage to women was received with more favour by the Kansas statesmen than the proposition to enfranchise the colored race. — Philadelphia Press. THE LESSON OF TIIE ELECTIONS. It was almost universally expected that the elections in this State would result in favor of the Democrats. It was scarcely expected, however, that the majorities would be so largo. Sixty-one thousand in the city, and twenty-five thousand in the State, justify the explosive utterance of the World, which claims pretty much the whole earth for its party. It could well sing: “No pent-up Utica contracts our powers, But tho whole boundless continent is ours.” | Even in Kansas—a State built up by I Republicans and thronged by Republicans ! —the voters discriminate; they choose | Republican officers, but they do not choose I at present to extend the franchise to I women and Africans. —A r . Y. Even . Post. TIIE POLITICAL CAMPAIGN OF 1867. The Em; ire State, through the acclama tion almost of the people of her great city, the commercial centre of the Western con tinent, ana from which ramify arteries and nerves in commerce end finance that penetrate the round earth, has planted herself iu the immortal eminence of an acknowledged leadership in a course to which all the States of the North will, in another year, move in grand procession and in most imposing j ageant. New Jersey has returned, after a tem porary aberration, to her old orbit in the political firmament. Being in the belt of the Middle States of the North, with Pennsylvania, Ohio and Indiana—having like elements of character in population— her return to Conservative principles was an assured thing. For the same reason, were Indiana to vote to-day, the negro party, led by Colfax, would meet with overwhelming disaster. Suppose, also, that Congressional elections w rs now to take place in the States of the North, how overwhelmingly would the present usurp ers in the Rump Congress be repudiated by the people. —National Intelligencer. RESULT OF TIIE ELECTION. The Radical party is beaten. Thistyact could have Uon announced confidently four weeks ago, for the result was as ap parent then as it is certain now. Until cause ceases to produce effect it could not be otherwise. For the overwhelming majorities in the cities of New York and Brooklyn there is a simple solution. It is the second signal expression of popular indignation against Tribune liquor legislation. Radicalism, in this respect, as in regard to the negro, has reacted. The Tribune , in its “On to Richmond” temper and tone, forced these two questions into the canvass, and has its answer in a majority of seventy thousand against its party. These drawbacks, added to tbs Tribunes crusade against the social freeaom of Ger mans. and in favor of negro supremacy, account for the falling off of the Republi can majorities in the State.— A. Y. Com. Advertiser. “The twin relics of barbarism, which Republicanism pledged itself to eradicate, were Slavery and Polygamy. The twin relics of modern Republicanism, which the people of New Y rk are going to sweep awav to-day, are Tyranny and Taxation. “The Republican rallying cry is ‘Paper money for the workingman: but gold, gold, gold for the banker and the bond holder.’ “Ohio killed Chase and his national bank swindle. Pennsylvania _ furnished him a coffin; California ciug his grave.— New York to-day will cover him up beyond resurrection. Peace to bis ashes 1 “The Radical bondholders, shoddy men and bankers kept clear of showers of bul lets during th" war. To-day they will be brought down by a shower of ballots. “The voters of New Y ork will pay Chase off to-day. not in gold, but in paper cur . reney. —-Y I, licrald, oth. From Europe. London, November S, noon. —The sec ond typhoon at Macao was very violent. No particulars. Amsterdam, November S, noon.—The Bank raised its rate from 2J to 3. Paris, Novembers, noon.—The Yellow Book, ready for publication, shows Ratazzi was long warned of the insurgents’ plans and the action of France. Florence, November 8, nooD. — Gari baldi is to be tried. Paris, November 8, noon. — Monnora asks the withdrawal of the French troops from Rome. London, November S, noon.—lt is said that Lavallette will soon resign and Rouher will succeed him. The friends of Garibaldi say that lie had but four thousand men. The Etendart says Garibaldi’s sons were hidden, not captured. Au Insult to an Emperor. Washington, November 11,p. m.— The papers by*. steamer Deutchland, contain the following item: While the Emperor of Austria was enjoying himself at the steeple chase, at Vincennes, the Emperor Napoleon drove iu from St. Cloud and paid a short visit to the Exhibition. It was Lng enough, however, for comfort. A scene occurred as unlooked for as it was disgraceful. During his visit an egg was thrown at the large picture of him by Flanderin, and when he made his appear ance in one of the galleries a loud and dis tinct hissing took place ou the part of a collection of men in blouses. The unpop ularity of the Italian intervention, and the general state of uneasiness and dissatisfac tion which exists here among the lower classes, were probably the causes of this demonstration. Bank Statement. New York, November 10. —The bank statement says loans has increased $491,- 01)0 ; specie increased $3,542,000; circula tion increased $32,000 ; deposits decreas ed $359,000 ; legal-tenders decreased sl,- 855,000. New York Mayoralty. New York, November 10. —Mayor Hoffman has been renominated for Mayor by Tammany Hall. Destruction of a Eight House. New York, November 10.—The light house at Key West was destroyed during the late gale. From Philadelphia. Philadelphia, November 10. —A heavy rain has been tailing since last evening. The street cars have resumed Suuday trips. Trial of Mr. Davis. Washington, November 11, noon.—lt is ascertained, from a reliable source, that, the Government will be ready to proceed with the trial of Mr. Davis on the 25th. — Both sides, however, desire that Chief Justice Chase should preside with Judge Underwood,. and, therefore, it is possible that the trial may be postponed fora short time, to enable Chase to make arrange ments to preside. Legal considerations alone prompt tiie desire that the two Judges should sit on the case. Democratic Triumphs. Washington, November 11, p. m.— Democratic ninj a tty in New York 46,000; iu Maryland 41,000; in Minnesota, while negro suffrage, w hich was voted on last year as well as this, shows a gain of 500 votes. Returns from the western counties of Kansas indicate that most of them have gone Democratic. From Washington. Washington, November 10. —Captain J. N. Maffit is here la wing for his confis cated property. Minnesota has defeated negro suffrage by two thousand majority. The Repub lican Governor is elected by three thousand majority. In Wisconsin a Republican Governor is elected by four thousand five hundred majority. Washington, November 11, noon.— Frederick A. Packard, long prominently connected with the American Sunday School Union, is dead. There seems little doubt that Grant told Montgomery Blair, on Thursday, that no <."O Grant was advised of the bearings of For ney’s article previous to its publication, and that lie made nonobjection to it. Washington, November 11, p. m. — Revenue receipts to-day six hundred and .fifty thousand dollars. Tammany nominates Ilofftna n. and Mozart nominates Fernando Wooa, and JohnJ. Anthon is prominently mentioned by the Democratic Union party for Mayor of Now York. Thad. Stevens has written five columns of a letter, opposing National Banks and argues that, while interest is payable in coin, bonds can honestly be liquidated with legal-tenders. Gen. Emory has disbanded unauthor ized military organizations in the District of Columbia. It is said that Gen. Sheridan has tele graphed Gen. Grant advising that Gen. Mower’s action in removing Gen. Hayes from the New Orleans Sheriffalty be dis approved. The Vice Consul at Havana telegraphs the State Department to-day that cholera is serious at that port, and officially declares the number of eases increasing. From Richmond—Bureau Agent Mobbed. Richmond, November 11, p. m. —Gen eral Schofield, to-day, ordered a court martial on the eighteenth, in the ease of Col. Rose, U. S. A., conductor of elec tions here, formally charged by citizens with conduct unbecoming an officer and gentleman, drunkenness, and so forth on election day. The “ Dispatch” has an account of the mobbing of Maj. Frank Butts, former Bureau Agent of King William county, by negroes there. An attempt made by the civil authorities to arrest the ring leaders, was resisted, and the ifiilitary has been sent for. The leading colored citizens will be out in a card to-morrow disavowing the incen diary sentiments uttered by Lindsay, a col ored delegate to the Convention. Segar Mailers’ Strike. Philadelphia, November 11, p. in. — The Segar Makers, about two thousand, are on a strike. Railroad Collision. Memphis, November 10. —Two passen ger trains collided near Granada on Friday night. The locomotives were smashed and one negro injured. Georgia Conservative Convention. Macon, November 11, p. in. —The Tel i crjraph of to-morrow will advocate the propriety of a State Conservative Con j vention, to meet in Macon Thursday, sth ! day of December. Alabama Negro Convention. Montgomery, November 11, p. m. — la the Reeonstruc' n Convention to-day the Elective Franchise Committee presented majority and minority reports. 'The ma jority report disfranchises all who refused to vote for or against a constitution when submitted to the people and is otherwise proscriptive These reports are made the special order for to-morrow. From New Orleans. New Orleans, November 11, p. m. — No deaths Irom yellow fever were reported to the Board of Health yesterday, and no applications to the Howard Association for relief. Bremen ship Carl arrived yesterday bringing another load of German emi grants. Texas papers announce the late arrival of large numbers ol German emigrants to that State. Mules and Horses for the South. — Mr. Ogden, of Illinois, who i'ailedin selling here a lot of 99 mules, 2 and 3 years old, * has shipped to New Orleans. He had been offered $l7O per bead, but could not I obtain that price yesterday. ; J. T. Hughes starts this week 35 head of extra horses to Georgia. Wm. H. Crosthwaite started forty head of mules this morning to Mississippi. J. M. Robnett started this morning 106 1 head of mules, which are to be fed for a short time in Tennessee. — Louisville Jour \ nal, Sth inst. A Maine mechanichas procured a patent for an invention for running shafting at right angles or at any ancle without the use of gearing or belting. The idea is en tirely novel. A slide bar is placed in the angle, and motion transferred by the action of a'double crank on each shaft, ihe machinery runs without the least noise. About noon yesterday Major J. TV. Blance and Captain Thomas O Connor were arrested by the military authorities here. It is rumored that the order for ay rest eame from General Pope, and that they were arrested because Major Biance sent a challenge by Captain O Connor to Lie utenant Campbell, on the day previous. I —Rome Courier. THE CONSERVATIVE CONTENTION. Address to the People of South Carolina. the present condition of- tiif. state. Tiie Relations of Tabor auH Capital. A Protest A«a!o§t Negro Suffrage) dee. To the People of South Carolina : Fellow-Citizens In times of great public danger, the instinct of self-preserva tion prompts a people to assemble and confer together upon the issues that the stern logic oi events forces upon their at tention. The citizens of South Carolina stand to-day in this position, ilt becomes our duty*, therefore, to take counsel to gether, and to announce our conclusions temperately, but firmly and fearlessly, to the public. in performing this duty, we shall avoid nil terms of animadversion upon men, par ties or sections. ’lhe vice oi misrepre sentation and detraction has become the order of the day, aud both North and South have suffered from the evils which had their origin in this fruitful source of mischief. The Northern people, flushed with victory, have not been solicitous to ascertain the tern per of the Southern mind; and tho Southern people, crushed by the loss of their cause and their most cherished hopes, have been alike indifferent to events for which they do not feel them selves responsible, and over which they have not the power of control. In the meantime, wicked and designing men, both at the North and at the South, have not been wanting, to keep aiive the fires of sectional hate, until now they threaten to involve the whole country in misrule and anarchy. Os the late war, it is not our purpose now to speak—the sanguinary fact will stand forth forever in the history of these American States. Our duty now is with present evils, and their future conse quences. Tho emancipation policy of the Government was and is the great fountain head from which springs,' and will con tinue to spring, the thousand evils by which we are environed. What but disaster could follow in the footsteps of the hasty and inconsiderate policy, by which 4,000,000 of slaves, with out education, and without the least prep aration for the change, were turned adrift from the'discipline and interested care of the master, to provide for them selves. Must it not be self-evident to any thinking man, no matter what his preju dices, that nothing he can now propose will be able to convert an idle, roving, thriftless free negro population into the steady, healthy, laboring population that we formerly employed in our fields at the South. But gloomy as the prospect may be, the people at the South must regard this disastrous result as now fixed and settled beyond recall. Slavery is at an end. We do not propose that what has been done should be undone ; but we propose to show that, with the present free negro labor, the industrial resources of the South are iu no condition to contribute to the prosperity of the country. It is the part of wisdom to look our misfortunes in the face. We should not deceive ourselves either at the North or at the South.. Three years of experience by both Northern and Southern men attest the fad that the cul tivation of both rice and cotton —the gr :at staples of the South—is, under the present system of free negro labor, the most uncer tain, the least remunerative, and the most harassing employment in the world, llad a gradual system of emancipation been adopted, men would by degrees have ac commodated themselves to the gradual chance, and the industry of the country would have received no such shock as now prostrates the South and overwhelms her in despair. Upon the agriculture of the country mainly depends the wealth and prosperity of tiie country. But a few years ago, the cotton exported from the United States controlled foreign exchange, and held the monopoly in foreign markets. How is it to-day, and how will it be in the future? Instead of five millions of bales, sent forward to exercise the former influence upon trade, we have not more than one-third of the crop of 1860, coming into market, and that at a price per pound in currency—the revenue tax considered very little, if anything, in advance of what was realized per pound for the large crops of former years, paid in gold. Why is , same—tlicfi"seasons" are 1 tfie"“same”— the climate is the same —why, then, the dif ference ? We answer, tho labor is not the same. Instead of industry, we have idle ness ; instead of system we have disorder; and instead of profits, we have losse«. Shall we be able to drive out competition in the future, as we have in the past? Surely not. But a tew years before the war, one of our most intelligent planters represented this State at the World’s Ex hibition in Paris, and, upon his return, re ported that he saw upon exhibition there the cottons from Algiers and from the East which were in every way equal to the finest productions of the United States. He asked why cannot these cottons compete with the American cottons? The answer was, because we cannot produce the article for the same price; wo are compelled to hire the labor which you own -'ours is un reliable, idle and costly, while yours is under control, steady and cheap. For these reasons you will always be able to drive us out of the market. But what now is the condition of the Southern plant er? Ilis labor is much more costly than that of Algiers or the East, equally un steady, and probably, less under his control, and he finds himself now, after an exhaust ing war, driven from the market by prices which his former competitors can afford to take. The present low price of cotton is but the evidence of the causes already stated. And it may be that, in a few yoar.s we shall be importing cotton and rice into the United States, instead of ex porting these great commodities. We are now eating, in the interior of South Caro lina, rice im ported from China, and we have been credibly informed that East India cotton has been imported into New York. How soon the State-craft of Great Britain may find it expedient to impose an import duty upon American cottons, who ] can tell? But it may be asked, is there no remedy for these calamities to the Southern people? We answer, most probably, no immediate remedy. Time is the great master of the situation. If our people will give up the delusive hope of growing rich by the cultivation of" cotton thereby probably working their utter ruin—if’they will cultivate loss cotton and more bread stuffs; raise for their own use and for sale horses, mules and stock of all kinds; cure their own hay, make their own butter, and seii the surplus; if they will labor to fill the land with plenty, they will, in a short time, realize a change for the better in their own condition and the condition of the South ; at least they shall not have debts and disappointments added to their other calamities. And in raising our own food and supplies South, wo should also manufacture our own cloths and implements, upon our own soil. There can be no more auspicious moment th in the - resent to begin, at the South, ihe manufacture of goods front our owl raw material. This was done to a great ex tent during the war. No matter on bow small a scale, let the work begin. Tu he successful, we must begin at the beginning and work upward, as our population and wealth increase. We repeat, that we would not now re-establish slavery at the South. It is too late to correct the error of its Hid den extinction. It is to our interest to make the most of the circumstances by which we are surrounded. We earn, t recall the past. “Let the dead past bury its dead.” But let us not be entirely hope less of the future. Little more than half a century ago, the great commodity exported from this State was indigo. It ceased to be profitable here, because it could be more cheaply cultivated elsewhere. Cotton was intro duced in its stead, and was cultivated with unparalleled success. Tobacco and rice contributed to increase the wealth of the South. If these staples cease to boas remunerative in the future as they have been in the past, we still have a great country left to us, and, with something like good government, our necessities will give rise to new expedients. To conquer our difficulties, we mug meet them with patience, fortitude and courage. But shall we have good government? Tha’t is the great question presented in the next point that we propose to consider. To admit as a fact, as has been assumed to be the result of the war, that the Gov ernment of the United States is supreme, and that the States have no rights; or, if they have rights, that they are subordinate to the Government of the United States; or, which is the same thing, subordinate to the will of a majority having control of the Government, is to admit the abroga tion cf the Constitution, and to ignore the facts of history. In other words, it is to acknowledge that we have a Government of absolute powers instead of a Govern ment of limited and delegated powers. It is admitted that any Government, however limited, may, for a time, usurp all power. A single man may rise up and say “I am the State.” Any assembly of men may, for a season, arrogate to themselves all 1 power—executive, legislative and judicial. NEW SERIES YOL. XXYI. NO. 46. But the question recurs, is this law,, or is this usurpation? Is this good government, or is it revolution? Mere physical force is not law. It may compel obedience, but it cannot give to its acts the sanction of law) unless it be in those countries where the will of an absolute despot is the recognized law of the land. To admit that the war has established such a power in the United States, is t 6 admit that constitutional government is at an eDd, and that as States, or as individu als, we held our life, liberty and property at the will and pleasure of any majority, which, for the time being, may hold the power. Such, to-day, may be practically the condition of ten States of the American Union. But are we prepared to endorse these proceedings, and engraft so mon strous a proposition into our government policy ? That is the question that the peo ple of the North as weli as the South are called upon to consider ! The great object of laws, of constitutions, and of govern- ment, is to protect the weak against the strong—to shield minorities against the encroachment of majorities. It is a politi cal aphorism that a majority can protect itself. Acting by tho sheer exercise of ar bitrary power, a majority may, for a time, set at naught all laws within these States —it may enforce an obedience to military decrees, from which there is no appeal—it may administer a purely military govern ment according to its own will, and, as. such, it must be obeyed. But when we are called upon to sanction such govern ment, as being in accordance with the Con stitution and the laws, wc have the right to test the question according to the rule proposed, and to withhold our assent. We admit the fact that martial law exists in South Carolina; but we do not admit the principle that martial law has the right to impose a civil government upon us without our consent. Far be it from us to raise a factious opposition to the Reconstruction Acts of Congress. We believe that those Acts and the measures they propose are destructive, not only to our constitutional rights but to our social peace. With us, it is not a question of party, nor of politi cal power. We care nothing for these things. We are quite willing that others should enjoy all the honors, all the emolu ments of office, all the pomp and circum stance of place. TV hat we desire is peace —not the semblance of peace, but the sub stance of peace—peace at our tiwn firesides and througiiout ail our borders. We de sire peace to enable us to build up our waste places, our temples of worship, our sacked and ruined cities, now lying in ashes, our dismantled dwellings and our prostrate credit. We desire peace for its own sake; for its holy Christian influence, and ior the civilization and refinement which spring up in its path. Do the Reconstruction Acts of Congress propose to give us this peace ? No, they give us war and anarchy, rather. Tjicy j sow the seeds of discord in our midst, and place the best interest of society into the hands of an ignorant mob. They disfran chise the white citizen and enfranchise the newly emancipated slave. The slave of yesterday, who knew. no law but the will of the master, is to-day about to be invest ed with the control of the Government. In all popular Governments, the two great sources of power may he traced : Ist. To the exercise of the ballot. 2d. To the franchise of' the jury-box. Invest any peo ple with these two great powers, and they have at once the government of the coun try in their hands. By the Reconstruc tion Acts of Congress, these powers are conferred upon the negro—he can make and unmake the Constitution and the laws, which he will administer according to the dictates of others, or his own caprice. Wc are not unfriendly to the negro ; on the contrary, we know wc aro his best friends. W hiie he occupied tho position of a slave, ho was protected by the laws, according to Iris condition in liie. And now that he has been made free, we are not only willing to confer upon him every civil right, but to protect him in the full and free enjoyment of those rights. In his property, in his life, and in Ills person, we are willing that I he black man and the white man -shall stand together upon the same platform, and bo shielded by the same equal laws. We venture the opinion that the people of South Carolina are prepared to adopt, as their own, the Constitution of any New England or other Northern Stale, wherein it is supposed that the civil rights of the negro are most fully aud amply secured. But upon a question involving oar opponents were we to withhold the frank and fuli expression of our opinions. We, therefore, feeling the responsibility of the subject and the occasion, enter our most solemn protest against the policy of investing the negro with political rights. The black man is what God and nature and circumstances have made him. That he is not fit to be invested with these im portant rights, may be no iault of his. But the fact is patent to all that tho negro is utterly unfitted to exercise the highest functions of the citizen. The government of the country should not lie permitted to pass from the hands of tho white man into the hands of the negro. The enforcement of the Reconstruction Acts by Military power, under the guise of negro voters and negro conventions, cannot lawfully re establish civil government «in South Car olina. It may, for a time, hold us in sub jection to a quasi civil government, backed by military force, but it can do no more. As citizens of the United States, wc should not consent to live under riegro supremacy, nor should we acquiesce in ne gro equality. Nqt for ourselves only, but on behalf of the Anglo-Saxon race and blood in this country, do we protest against this subversion of the great social law, whereby an ignorant and depraved race is placed in power and influenced above tiie virtuous, the educated and the refined. By these Acts of Congress, intelligence and virtue are put under foot, while ignorance and vice are lifted into power. In South Carolina tho negro majority, under the Reconstruction Acts, is much more than two to one. In most of the other Southern States, the negro majori ties, if not so great, are almost as decided. In those States where the white vote is in the ascendant, the election districts have been so arranged as to take the political ; power from the white vote and cast it in ■ favor of the negro vote. What, then, is ! tile inevitable result? It invests the negro with absolute political power in each oi the ten Southern States, and at the same time invests him with the balance of power in the United States. Nor is this all. The reconstruction scheme closes the ballot-box against the best informed and educated classes in the community, and opens it to the negro, of whom not more than one in a hundred can r ad a word, and not more than one in five hundred can write his name; and multitudes of whom are so profoundly ignorant as to be unable to remember the name by which they Lave been registered. Verily, this seems to be converting a popular government, of whom we have been justly proud, into a popular farce; and we would be content so to con sider it if it did not involve the issue of life and death to the form of government established by cur fathers for the benefit of themselves and their'posterity. If th object of the framers of the Reconstruction Acts was to degrade the Southern people, it is time for them to consider whether the degradation may not be brought to their own doors—wh ,'tlier the poisoned cup may not be returned to their own lips. But it may be asked, why do not the Southern people accept the situation and control the negro element? This question is much more easily asked than answered. In the first place, it may be said that the influ ence of the corrupt and intriguing dema gogue, who wil at,peal to passion and prejudice, has always been found to be more powerful with excited and ignorant mobs, than the wisest counsels of the best friends. Besides, the foundation stone upon which Republican Government rests is, that the elective franchise is to be ex ercised by a free, intelligent and unbiassed judgment; and whenever it is admitted that this franchise is to be controlled, or, in other words, to bo made the subject of undue influences and of bribes, then, too, it must be admitted that Republican Government is at an end. and must, sooner or later, give way to such other govern ment as ruaybe forced upon a depraved and already corrupted people. But if it is proposed in advance to place the enfranchised negro under control, why confer the franchise at all? Surely, the part of wise government is to prevent the evil, and not open the door to the mischief which others are admonished they must be prepared, by trick or management, to avert. Bat why press the subject further? It is enough for us to know that this wild and reckless experiment comes home to the hearth-stone of every citizen, and in volves family and property, society, liber ty, and even life itself. Nor is this all. The courts of justice are dragged into the mire from their high position; our most intelligent white citizens are excluded from the jury, while the ignorant negro is elevated to that responsible position; the jury lists are made up from the lists of registered voters, which, as we have said, are more than two to one in favor of the negro. Not only, be it remembered, is the negro admitted to the jury box, but the white man is excluded therefrom. Think you that when the great masters of the common law of England pronounced their encomium upon the trial by jury, that they contemplated for a moment such an instrument as an ignorant negro panel? Think you, that when the framers of the Constitution of the United States incor porated into that instrument the provision that the trial by jury should always bo held inviolate, that they intended to en graft upon it such an enormity as negro jurymen, fresh from the cotton and rice fields of the South ? Think you, that when John . Rutledge and his illustrious compeers signed that instrument on the part of South Carolina, that they intended to forge a chain which, in a period no longer than ordinary life-time, would drag their grandchildren (who were then play ing around their knees, and some of whom are now living), lor trial before a jury of their own slaves ? Talk oi’additional humiliation, talk of confiscation, complain of clemency* to rebels, after this ! God forbid ! The Government of the United States has en forced against the Southern people the most stupendous act of confiscation that has ever been enlbreed injtlic history of na tions ; their property in slaves has been confiscated to the amount'of three thou sand millions of dollars ; other personal property, in the shape of cottou, pro visions, stock, plate and money, has been captured or destroyed, to the value of one thousand millions of dollars ; aud from these causes their land has deteriorated to the extent of one thousand millions of dol lars—making in the aggregate tiie enor mous sum of five thousand millions of dollars. .. 1 hese overwhelming pecuniary losses fall exclusively upou the Southern people. The political evils complained of will, of course, ia.ll chiefly upou the people of the South, but not exclusively upon them. Fasten negro supremacy upon tho South, and it must be felt through all of her relations with the North—whether com mercial, political or social. Should a Northern man, and how often must such necessarily be the case—he brought to trial in the State or Federal Courts at the South, his. life or liberty must be passed upon by ignoraut negro jurors. Should the most difficult and complicated ques tions of property arise in Southern Courts —and how often must such be the case, arising from intermarriage, inheritance-or trade?--the cause ol the Northern man must bo decided by tho same ignorant tribunal. Nor is this yotall. Tho highest preroga tive of Government is the taxing power, and the efforts oi the Wisest statesmen have been expended to guard this great power against abuse. No power has been more zealously watched than this. No power lias given rise to so much strife and bloodshed in the history of the world. The contest between the mother country and the colo nies originated in her assumption of the right to tax without representation. By the Reconstruction Acts of'Congress, the taxing power is placed in the hands ot those who own no property*, and is' taken away from those who hold the property aud must pay the taxes. The war that has always existed between capital and labor is decided in favor of the latter, and the wealth of the country is prostrated at the loot of those who have nothing at stake but their daily wages and their daily bread. . Ilow will this power he exercised ? Can it be supposed for a moment that it will be exercised iu any otlier way than to impose such burdens upon the tax-payers as will amount, in the end, to practical confiscation of the small remaining sub stance of our people? But we must for bear. Such are some of the immediate consequences oi the Reconstruction Acts upon the people of the South and upon the whole country. Wo have said, and we repeat, that wo desire peace; but ihe policy* now proposed cannot give us peace. It is contrary to the voice of reason and. the law of nature. Instead of peace, under the Reconstruc tion Acts, we shall hav e strife aud bitter ness. Instead oi the South recover ing from her poverty, and contribu ting her share to the common prosperity of the country, she will become more anil more impoverished. Tho blight of mis rule will cut short her harvests and dry up her resources. The law of violence, which has prevailed for more than two years in reconstructed Tennessee, will ex tend its sway throughout the entire South, and wc shall reap, like her, the harvest of crime and blood multipled two-fold. Wc have shown that free negro labor, under the sudden emancipation policy of the Government is a disaster from which, will require years to recover. Add to this the policy which the reconstruction acts propose lo enforce, and you place the South, politically* and socially, under tiie heel of the negro; these influences combined would drag to hopeless ruin the most prosperous community in the world. What do these reconstruction acts propose ? Not negro equality merely, but negro supremacy. In the name, then,- of humanity to both races —in the name of citizenship under the Constitution —in the name of a common history in the past —in the name of our Anglo Saxon race and blood—in the name of the civilization of the nineteenth cen tury—in the name of magnanimity and the noble instincts of manhood —in the name of God and nature, we protest against these acts, as destructive to the peace of society, the prosperity of the country, and the greatness and grandeur of our common future. The people of the South are powerless to avert the' impending ruin. Wo have been overborne, and the responsibility to posterity and to the world Las passed into other hands. “A Man and a Brother. ’’—The infa mous and atrocious meanness to which the Radicals resort to carry the elections in the South should awaken, with a lively earnest ness, the deluded followers of that organ ization in the North. In many instances the negroes were given tickets by the Radicals, and were told that if they voted them it would in sure them so much land. Others were told that the ticket when safety deposited entitled them to onojiundred dollars, to a mule, or to anything in fact, which would operate as an inducement to the' voting of such a ticket. Some of the negroes in their lamentable ignorance, actuated by Republican wisdom —not much better—even brought baiters and ropes to carry away their acquisitions which the Government was to give them for voting, and some brought baskets in which to take home their “suffrage.” Ah! - the times have been That, when the brains were out, the man would die, And there an end.” But now, instead of rising with “forty mortal murders on their crowns,” they come out baptized with all their sublimat ed wisdom and the climax capped by the stupidity of their Yankee god-fathers.— Doylcslown ( i’a.) Democrat. The Forthcoming Message.— A'nc York, A. uv ember 9. —A special dispatch tr the Dost from Washington, Oth, says: Ii is understood that the larger portion of th< President’s forthcoming message will la devoted to the consideration of nationa finances. In conversation with a, gentle man a few evenings since, Mr. Johnsor said he regarded the financial question af the most important one before the country. He has no sympathy with the views recent ly set forth by either Butler nr Pendleton on this subject, but agrees with the opinion of Secretary McCulloch, and believes in the contraction of' the currency, and a speedy return to specie payments. A Paris letter of October 18 th sajs: Next week there is to be a trial of the cele brated Ferris Cannon, which is exhibited in the American Department, and which is manufactured at Utica, New. York. It is a small field piece, and is constructed upon ! somewhat the same plan as Krupp’a Prus ; sian gun, being put together with a suc i cession of iron and steel rings. Mr. Ferris i determined first, the quantity of' powder | he will use, and then built the guu to resist all the bursting force of the quantity of powder, and regulates the weight of the shot to the most destructive ranges of force. Mr. Ferris claims that with forty pounds of powder he can throw a twenty-four pound shot, or shell, ten miles. At a trial teld in America last winter, a shot was picked up at a distance of nine miles. It will not be surprising if this gun beats the world. Impeachment Reports. —The Judi ciary Committee, both majority and mi nority, will have their reports ready to submit to Congress on Thursday, the “Ist instant. The majority report will be against impeachment, and will be signed by the same members who voted nay in the Com mittee on the Bth of June lust. The minority will be Messrs. Boutwell, Law rence, Williams, and Thomas, as hereto fore. Both sections of the Committee are agreed upon one point—that this question must be immediately decided, and it will probably be the only business of the. few days that will remain of the first session cf the Fortieth Congress. lieu. James M. Ashley, the chief of the impeachment movement, arrived in the city to-day.— Wash. Cor. of the Neio York Times. There arc fifteen thousand printers in this country, of'which about six thousand! belong to the unions. I