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WKBNKSDAY MORMINU, HRCKMBKK 13.1
The Georfta SltiuUoa—Probable Actloa
of Congress.
Congress shows no disposition to hurry
in its action toward this State. The indi
cation- now are that a recers will betaken
after the close ol next week until the first
o> January. This course is iavoretl by
members tor two reasons : First, to enable
members to spend the Christmas and New
Year holidays at home ; and, second, to
give the several committees time to con
sider and report on the various propo
sitions contained in tie President’s mes
sage.
It is now quite clear that members are !
not inclined to adopt the suggestions of the
President without some time for consider- j
atioD. When General Grant so emphati
cally declared himself in favor of immedi
ate aotion in regard to the status of
Georgia, the whole country expected that
his party in Congress would unhesitating
ly follow his advice. It was known that
bills were ponding in each house on this
subject which had lain over from the past
session, and that a few hours,or, at most a
few days, were all the time required to
push them through and present them for
the President’s signature. This was the
course which General Grant evidently de
sired Congress should take.
Why thoGeoTgia question has been per
mitted to rest quietly in the hands of the
Reconstruction Committee without action
does not seem very clear. Our own opin
ion is, that a disagreement exists in the
Radical ranks in regard to the character
and extent of the remedy which the case
requires.
There is evidently a desire on the part
of a considerable Lumber of the Radicals
to so shape their action as to maintain at
least a show of consistency in their conduct.
They feel embarrassed by the f'ac that the
reconstruction of the State has been ad
mitted, both by words and the formal ac
tion of Congress. They do not wish to go
back on that record. This wing or branch
of the party is in accord with the Prcsi- !
dent—that is if General Grant knows his I
owd position—and hence they would have
us believe that the action they propose is
authorized under the provisions in the
Fourtte b Amendment, which authorizes
Congress to pass such enactments as may
be necessary to enforce the rights secureo
under that amendment. In other words,
this faction would deal with Georgia as a
State, recognizing her as such, but at the
same time demanding that the provisions
of the Fourteenth Amendment shall be
enforced. They claim that the exclus.on of
the negroes from their seats in the Legisla
ture was in violation of their rights under
that amendment, and demand that Con
gress shall, under the powers conferred,
in the amendment, compel the State to
rocognize and protect the negroes in their
supposed rights. They say ’hat the Su
preme Court of the State having decided
the question of negro eligibility to office in
favor of tho negroes, that CoDgress should
compel the admission of negroes to the
Legislature.
These views do not suit Bullock, Blodg
ett & Cos. They insist that Georgia Re
construction is a failure. That no loyal
State government exists. That Congress
should interfere by overthrowing the pres
ent State government, and the establish
ment of a military government with Bul
lock as provisional Govornor.
It cannot be denied that the counsels of
these desperate and malignant traducers of
the people of the State receive the en
dorsement and support of a number of the
leading Radicals in both brauohes of Con
gress. It is this difference in tho plan of
treatment proposed for the State which
oauses the hitch in the actiou ol Congress.
It will bo seen that the difference is not
one of form or of mere sentiment. It is
based on a groat principle. If Georgia is
a State of the Union, then it is admitted
Bullook’s plan is unconstitutional, revolu
tionary and dangorous. If Georgia is not
a State rehabilitated in all her constitu
tional rights as such,then Congress might,
under the powers which it has uuiformly
claimed in tho series of Reconstruction
Acts, proceed to place over us a military
despotism similar to that so reoently dis
placed by our present State government.
We wish it understood that we are now
merely repeating the powers claimed by
Congress. We do not admit—we have
never admitted—that this claim of power
was founded either in tho Constitution or
in justice or humanity or right. Congress
assumed the power—acted upon it—and
from necessity we were compcled to yield
to it.
So far,then,as the interests of the people
of the State are concerned—so far as the
rights of the State government are concern
ed—so far as the peace, good order and
quiet of the oountry is conoerned—the
proposition of General Grant is infinitely
better, muro hurnano and more consistent
with former legislation than that proposed
by the more violent Radicals.
But more than this, we are not so sure
that suoh a course should not be best for
the people of the State under the existing
circumstances. Grant only proposes to
compel the legislature to do that whioh we
have reasons to fear they would have done
voluntarily. Ho insists that the uegrocs
shall be reseated. Has not leading Demo
cratic Presses so-called and leading Demo
cratic Georgia Congressmen advised the
same course? Has there not been an
unseemly clamor on the part of so-called
Democrats for just such aotion as the
Radical President recommends?
For our part wejiufioitely prefer, if the
negroes are to be reseated, that it shall be
done under oompulsion. We thereby
save the mortification and disgrace of a
voluntary aotion in the same direction
which would forever tarnish the fair name,
and renown of our good old Stale. From
what we have heard and seen within the
last three months, we are quite satisfied
that a majority of the Legislature are in
favor of reseating the negroes--that they
would have taken prompt aotion in that
direction immediately upon their reassem
bling in January next.
It is true that General Grant insists
upon one other condition— that of purging
the Legislature of all members disquali
fied to hold seats under the disabilities of
tho 14th amendment. In regard to this
requirement we are sure that it amounts to
nothing practically. That body h&s al
ready invest.gated the qualifications oi its
member* in this regard and found no one
disqualified. We presume that the form
er investigation was a thorough and truth
ful one, and if so, another examination of
the same subject would lead to the same
result*.
In view, then, of all the circumstances
and surroundings of our situation, we fail
to find just reasons for the anxiety and ap
prehensions which seem just now to occupy
the public mind. Grant s recommenda
tions if carried out, as we believe it will
be, while it practically goes no farther than
a majority of the Legislature had de
termined to go in the same direction, saves
us the odium and mortification of a volun
tary sacrifice of honor and of legal rights.
We cannot believe that Congress will go
back on its own record and attempt to
break down the State government created
by its own power, little over a year ago.
There must be left in that body yet, some
sense of decency and consistency, if not of
honor and honesty. If the pretended viola
tiou of the rights of the negro is all the
complaint which is made against us, surely
Gen. Grant's plan accomplishes a full re
dress of these wrongs. But if we should
be mistaken in our views as to the probable
action of Congress—if that body should,
under the inspiration and misrepresenta
tions of Bullock, Blodgett * Cos., deter
mine to destroy our present State govern
ment, to break loose the flood-gates of
anarchy and fastea upon our unoffending
and peaceful citizens an atrocious military
despotism with Bullock at its head and
as ruler, it will require all ot the patienc"
which in the past has marked our course,
to bear with silenoe and dignity these
terrible evils.
Again, we say that we cannot believe
that such will be our sad fate. Again, we
say that the passage of a bill requiring the
L-’gislature to reseat tue regrbes will s
us from voluntary disgrace aad should be
rath.tr desired than opposed.
Sic ■'* the above was put in type, we
learn, through our special dispatch from
Washington, that our speculation in regard
to the postponement of action until a late
day in January, areconcurred in by lead
ing ru -Ts in Washit*«ton. The reason as
signed is one which should pogsge the
I earnest and calm deliberation of onr peo- :
j pie. Congress still hopes, by threats and ‘
menace*, to compel us to do that which, in j
1 our judgmeot, would disgrace the fair re- 1
i cord of our State, and sink to infamy eter-
I nal all who participated in it.
j If the Radicals in Congress desire the
1 reseating of the negroes, let them pass an
| act to that effect, in accordance with
Grant s recommendation. Leading Rad
i foals seem to be well posted in regard to the
prevailing sentiment of the Legislature,
and arec ntent o give us time to accom
plish our dishonor. We prefer—infinitely
prefer—the course recommended by Gen.
Grant.
Meeting oT the Citizens of Warren
Count).
We find the following proceedings of an
important meeting of the citizens of War
ren in the Constitutionalist of yesterday, j
We think someone remiss, however, in
not sending us the proceedings earlier :
Pursuant to notice, the citizens of War
ren county met at the Court House in
Warruoton, on Tuesday, December 7th.
The object of the meeting was .stated by
Col- h» H- Pottle, and a committe five
was appointed to drait resolutions. They
reported the following, which were unani
mously adopted :
Whereas, It is well known that certain
and irresponsible unknown persons, who
can have no interest at stake, have, within
the last few weeks, published notiixis in
this county that colored laborers will not
be allowed to live on plantations without a
white person ; and whereas, this miscon-
duct of a few lawless individuals, on whose
prosperity depends our has the I
tendency to intimidate our laborers and
bring about estrangement between laborers
and employers; and whereas, these acts of
lawlessness deserve public condemnation
by the people ; and whereas, self-interest
as well as a due regard to the rights of the
colored people demand a free and out
spoken rebuke to such conduct; therefore,
be it resolved by the peo oleos Warren (
county, in primary meeting assembled : j
Ist. That the publication of notices in
the county, to the effect that colored la
borers will not be allowed to cultivate lands
or live on premises without the presence
of white persons, is an unlawtul act of as
sunicd authority, aod that \?6 do cot be
iievo that such acts are committed by any
considerable number of the people of the
county. . , . ,
Resolved, That re recognize the right of
all men, colored and white, to live among
us, to cultivate rhe soil and enjoy the
freedom aud protection of the laws, so long
as they do not interlero with the rights of
others or trample on the laws.
Resolved, 'That we know no law except
such a.- crimes from the law-making power
ol the Government, and we recognize the
right of no or e to make customs between
lab irers and planters without their consent
and against the laws of tho land.
Resolved, That we pledge ourselves to
the colored people oi the county in the
spirit of complete justice, to do justice to
them and to protect all tbeir lawful pur
suits, and to use our utmost efforts to put
down any efforts being made to interfere
with the rights oi the colored laborers of
the city: , ,
Resolved, That we strongly recommend
to the planters of the county, whose laborers
are employed on the lands worked by them,
to see to it that no lawlessnes is practiced,
and that due and proper regard be paid
to the rights and prosperity of neighbors.
E. fl. Pottle,
W. H. Pilcher,
U. E. McGregor,
A. J. Story,
H. H. Fitzpatrick.
Addresses were then delivered by C.ol.
Pottlft, Col. Stansell and It. H. Harlow,
the latter of Massachusetts, after which
Col. Pottle introduced the following, which
was unanimously adopted as the senti
ments of Warren county :
This meeting of the citizens haying been
called for the purpose of considering mat
ters relating to the agricultural interests of
the county, it is not deemed inappropri
ate to allude to any other matters of great
public concern; namely, the present proc
lamation of Gov. Buliock. I here is
enough of pulic liberty left to enable us
peaceably to assemble and complain ol
grievances. It is cause for mortification,
that the people of Georgia are compelled
in primary meetings to vindicate them
selves, when assailed by the Chiet Magis
trate, who ought to be the guardian of
their honor and I he defender of their char
acter. He has for a purpose—we must
say for a vile purpose —in a loosely written
proclamation maligned the reputation of
seven counties of this State lying in this
belt. lu the name of all of our people we
repel the lake accusations made against
the county of Warren. It is known that
Senator Adkins was killed in May last in
the lower edge of this county. It is also
known that the killing was not by a con
spiracy, but tbe act of one individual. It
is also known that leading citizens
of the county, some of them officers
of justice, tendered their services to
tho family in aid of the law. It is also
known that the family of the deceased per
sistently reluscd to give what information
they professed to have to the officers of the
law. It is also known that while the Su
perior (Jourt was in session and the grand
jury ompaonelled, the family were in at
tendance at the courthouse and refused to
go before that body with any accusation.
It is also known that the family communi
cated freely with the military and made
affidavits, and that the military failed to
furnish the civil authorities with any in
formation. It is also known that the sen
sation telegram which was sent from At
lanta to Washington, purporting to be an
appeal from a member of the Adkins fami
ly to the nation, was prepared in Atjauta
and brought to this city for signa
tures, to manufacture arterial for po
litieal effect. We protest against this
wanton and wicked aot of a faithless
Executive. We lamentjall violations oflaw.
We are ready to uphold the arm of the law
against aU wrung doers, and against him
who is paralyzing that arm by repeated ex
orcise of Executive pardons. We want lib
erty regulated by law—freedom to pursue
our pursuits without hindrance. We want
no aid from tho military authorities. The
people are able and willing to maintain
the integrity of their own institutions with
in the pale of the law and the constitution
Resolved, That the proceedings of ii
meetine be published in the Clipper, Au
gusta pacers, Thomson Observer, Hao
i oek Journal , and Atlanta Constitution.
On motion, the meeting adjourned.
R. R. Beck, Chairman.
J. T. Fowler, Secretary.
The Conspiracy Against the State Road.
“Sharp and Quick" Hulbert, in a com
munication to Bullock, published in the
Atlanta papers, endeavors to show how
the earnings of the State Hoad for the last
two months have been expended. He
says that #63,000 were expended for cross
ties and new iron, and this amount ex
hausted ail the surplus funds, and left no
money to be turned over to the Treasurer
as the net receipts for October and No
vember. This is all very well for Hulbert,
but as it is known that he is in the conspi
racy with Bullock and Blodgett, very little
reliance can be placed in his statements.
The following, from the Atlanta Consti
tution. throws some light on this matter of
the earoings of the State Road, and how
the money has been expended :
It is broadly rumored that Gov. Bullock
to k with him a large sum of money to use
in infl'V’cing the actio-, of Congress.
Au- . -s further said that then oney came
fr -jb the State Road Treasury.
T:u' gross receipts of the Road for Octo
ber. it is stated, were #230,000; and lor No
vel-ber, #296,if10. Not a dollar has been
\ aid into the State crib for those months.
The Governor and Blodgett are in the
cios -t intimacy, both as to their social re
r; os and their purposes.
It is known that Blodgett would run
even a t-troueer game of madness than
Bullock. He is, therefore, ready to play
into the Governor’s hands to the full ex-*
to- 1 of hi- power. He is not satisfied with
hr present position. He aspires higher,
The 1 • tar. -js of these two political adven
turers are linked together. It is believed
that Blodgett has more influence over Bul
lock that all the rest of his Radical friends
combined.
Governor Bullock has thrown off the
mask- He has resumed his revolutionary
scheme for overthrowing his own Radical
handiwork, and upsetting the Government
of Georgia. He has invoked every aid,
and is resorting to every means to achieve
his purpose.
The clerks of his department, it is ru
mored, have been busy for a day or two
getting up every speeies of document con
nected with alleged outrages on Union
men. Letters, reports, affidavits, are be
ing prepared and copied in large batches,
to use on Congress. The whole diabolical
machinery of the slander mill is working
with forty-devil power.
JBat the Governor knows the value of
money. He judges that Radical Con
gressmen are purchasable. He, therefore,
goes well heeled for service.
Lt this be known Let Republican
Congressmen—and surely there must be
some honest ones among them—ktsow that
Governor Bullock is standing in the lob
tys o* Congress with mcoey Regally tai. c 1
cut of the trea-ury of his State, ready to
trade in tbeir integrity.
li the Republicans want vindicate tbeir
honesty, let the Democratic memberokeep
before the nation that the purchaser is
there.
W here did the money come from ? we
ask in the name of and for the people of
Georgia, whose pockets are thus furnish
iog the compensation for the act that se
cures their own downfall.
1 leirj’s Infamous Report.
Tbe following is tae infamous report,
i before mentioned in the Washington spe
c'als to the Chronicle& Sentinel, o
Gen. Alfred Terry, on the condition o*
affairs in Georgia made to the Secretary of
W a*r:
Soon after I assumed command of tb is
Department, a letter from Hon. Hem y
Wilson to the President of the Unit* and
States, was referred to me with iustruetioi'S
to investigate and report upoD the matters
therein mentioned. The foilowmg is a
copy of that letter and of the endorsement
placed upon it by the General command
ing the army, viz:
“Natick, Mass., May 14, 1869.
“Dear Sir : Can nothing be done to
stop the outrages in Georgia? Th.ise
political murders should cease. Nothing
has animated the people more in the can
vass than the idea that the rebel outrages
should be stopped. They were checked
much by your election. Still, they go on,
and many of our best friends say that we
ao nothing to stop them, and that we rath
er say nothing about them. I fear that
unless something is done many of our
firmest, devoted friends will grow dissatis
fied. Cannot a proclamation in regard to
Georgia be issued ? Cannot these crimi
nals be caught by the army and punished ?
I am sure something should he attempted.
Martial law is this day needed in that the_
worst of all the States for the security of
I the friends of the country. ;Yours, truly,
Henry Wilson.”
“Headers of the Army, }
Washington, June 7,1869. )
“Respectfully referred to the command
ing General of the DepartmentoftheSouth
for investigation and report.
W- T- Sherman, General.”
I have delayed making the report thus
called for until the present time, in order
that I might become acquainted with the
condition of affairs in Georgia before ex
pressing any opinion. Now I have reluc
tantly come to the conclusion that the situ
ation there demands the interposition of
the National Government, in order that
life and property may be protected, the
freedom of speech and political action se
cured, and the rights and liberties of free
men maintained. This orinion is based
upon complaints made to me. The re
ports of the officers detailed to investigate
the alleged outrages, and upon the state
ments of many persons of respectability
and high position from different parts of
she State, in whose representations I mtfst
repose confidence, some of whom have
given me information only under a pledge
of secrecy, tbe state of affairs in their sec
tion being such that they feared the ex
treme of personal violence should it become
known that they had been in communica
tion with me. In many parts of the
State there is practically no government.
The worst of crimes are committed, and no
attempt is made to punish those who ooui
tnit them. Murders have been aDd are
frequent. Tbe abuse, in various ways, of
blacks is too common to excite notice.
There can be no doubt of the evidence of
numerous insurrecri'-nary organizations
known as Ku-k!ux avisos, who, shielded
by their disguise and by secrecy iu then
movements, and by the terror which they
inspire, perpetrate crime with impunity.
There is great reason to believe that in
some cases the loyal magistrates are in
sympathy with members of these organi
zations. In many places they are over
awed by them and dare not attempt to
punish them. To punish such offenders
by civil proceedings would be a difficult
tusk, even were the magistrates iQ all
cases disposed, and had they courage to
do their duty; tor the same influences
which govern them equally affect juries
and witnesses.
A conversation which I had with a weal
thy ‘.planter, a gentleman of intelligence
and educaiion, and a political opponent of
the present administration, will illustrate
this difficulty. While deploring the
lamentable condition of affairs in the
county iu which he lives, he frankly ad
mitted to me that were the most worthless
vagabond in the county to be charged with
a crime against the person of a Republi
can or negro, neither he nor aDy other
person of property within the county
would dare to refuse to give bail tor the
I offender, nor would they dare to testify
against him, whatever might be their
! knowledge of his guilt. That very many
of the crimes which have been committed
have no political bearing, i believe that
some of them were prompted by political
animosity ; and that most of the numer
ous outrages upon the freedmeri resulted
from the hostility to tho race induced by
their enfranchisement, I think cannot be
controverted. The same difficulties which
beset prosecution of criminals, are encoun
tered by negroes who seek redress for civil
injuries in the local Courts. The magis
trates dare not do their duty toward them,
and instances are not wanting where it
has even been beyond the power of the
magistrates to protect a negro plaintiff
from violence in his own presence, while
engaged in the trial of his case. I desire
it to be* understood, that in spearing of
magistrates, I in uo degree refer to the
Judges of the Superior Courts. They are
gentlemen of high character, aud I have
every confidence that they will do their
duty fearlessly and impartially, but it is to
be observed that even they cannot control
the grand and petit juries. They cannot
compel the former to indict nor the latter
to render unprejudiced verdicts.
The Executive of State would gladly in
terpose to give to all citizens the protection
which is their right, but, under the Oon
stitutio i and laws, he has power neither to
act directly in bringing offenders to justice,
nor to compel subordinate officeii to do
their duty. I do not suppose tho great
majority of the people of tbe State, of
either race, approve of the commission of
these crimes. I believe that not only
would they gladly see good order restored,
peace and quiet maintained and the law
vindicated but would lend their aid to se
cure these ends were they not controlled
by their fears, governed by their appre
hensions, and having no confidence that
the civil authorities wiil afford them pro
tection. In many counties they suffer
these evils to exist without any effort to
abate them, and meekly submit to the rule
of a disorderly and criminal minority.
While I have been in command of the de
partment, I have endeavored to take no
action which would not be ju tiffed by tbe
1 letter of law, even if Georgia should be
I held to be restored to its orginal relation to
! the General Government. I have con-
I fined myself to giving support to tho cir
: cuit authorities and moving detachments
I of troops into some of the disturbed couu
I ties where their presence would exert a
good influence, and where they would be
ready to act, if properly called upon. I
think some good has ia that way been ac
orn plished, but the real evil has by no
means been reached. As Department
j Commander I can do no more, for what-
I ever may be tbe status of Georgia and
i whatever may tie the powers which an
i officer assigned to the command of the
1 Third District, created by the Reeonstruc
tion Acts, would possess, it is only an offi
-1 cer so assigned who could exercise them, ,
They are not vested in me by assign
ment to the command of this department.
Where, therefore, the civil authorities
are in sympathy with, or are overawed by
those who commit crime, it is manifest
that lam powerless. In this connection
I respectfully call special attention of the
General commanding the army, to reports
in regard to an attempt made in Warren
county to secure the arrest and imprison- i
ment of persons charged with crime, which ]
are forwarded It appears to me that I
the national houor is pledged to the pro- I
tecrion of the loyalists and woman of the ]
South. lam well aware that protection i
of persons and property is not ordinarily j
one of the functions of the National Gov- |
eminent, but when it is remembered that j
hostility to the supporters of Government |
is but a manifestation of hostility to the i
Government itself, and chat the prevailing I
prejudice against blacks resuit from their !
emancipation, the aot of the Government, 1
it would seem that such protection cannot
be denied them if it be within the power
of the Government to give it. I know of
no way in which such protection can be
given in Ge rgia except by the txereise of
the powers eouierrcti on the military com-
manders by the reconstruction acts.
The General then enters into a long dis
c-ission whether these powers can still be
exercised in Georgia, and treats of all the
laws hearing upon the question with much
vigor of judgment and clearness of ex
pression. coming to the conclusion that they
may still be exercised. 3nd closing his re
port as follows:
la conclusion, I desire to express, my
conviction that the only way to restore
good order in the State is to resume mili
tary control over it for the time being, and
ultimately to provide by law that the
Legislature shall reassemble as a Provis
ional Legislature, from which all ineligible
persons shali be excluded, and to which all
eligible persons elected to it, whether
white or black, shall be admitted. Such
a Legislature would, I believe, enact such
laws and invest the executive with such
powers as would enable him to keep the
peace, protect life and property, and pun
ish crime. The process of resuming mili
tary eontrol would, it appears to me, be a
very simple one. All that would be re
quired i« an order from the President coun
termanding Genera! Order 55, Adjutant
General’s Office, July 28,1868, and Order
No. 103 Headquarters Third Military Dis
trict, July 22,1568, and assigning an officer
to the command of the 'District, excepting
the Sates of Fiorida and Alabama. This
action I respectfully reccfnmgnd.
halleck’s opinion of the report.
Gen. HaUeck, commanding the Military
District of the South, treats this letter of
Gen, Terry's as follows .
1 cannot concur ontirfcly in the views of
Gen. Terry after the recognition for soloag
a time of the State Government of Georgia
by the President and the highest military
authorities. For these officers to now re
trace their steps and declare their own acts
illegal aod void would not only seem incon
sistent, but might produce much harm.
Should Congress, however, decide to re
turn the State to the condition of a mili
tary district under the reconstruction laws,
on the ground that it has not been fully
reconstructed, the case would he very dif
ferent. I therefore respectfully recom
mend that the matter bo left for the action
of Congress.
The Finances—Another Remedy.
Not content with the power assumed as
leader and true exponent of Radical opin- J
ion in regard to our foreign relations—not I
content with his position as acknowledged !
He Devil in malignity and hate toward the
Southern people— not content with the
adulation and sychopnany of the puri
tan East on account of his advocacy of a
system of taxation which plunder the
whole country to enrich puritan New Eng
land--Char!es Sumner essays to settle the
great financial problem which now oc
cupies the mind and engages the attention
of the leading intellects of the day. As
might have been expected this great light of
puritan self-righteousness and Radical men
dacity assumes that he has discovered a safe
and sure remedy for oir present and pros
pective financial trouble*. To accomplish
this he introduced in the Senate the other
day the following Bill and follows it with
a few remarks explanatory of its general
features :
Mr. Sumner (Rad., Mass.) introduced
the followin': bill to amend tbe banking act
and to piomote the return to specie pay
ments :
Be it enacted, d rc. , That so m uch of the
banking act as limits t.oe issue of bills to
three hundred millions of dollars is hereby
repealed, and existing banks may bo en
larged and new banKs maybe organized at
the discretion of the Secretary of the
Treasury. But no more bills than are now
authorized by the act shall hercarter be
issued unless the Secretary of the Treas
ury at tho time of their issue can and does
cancel and destroy a like amount of legal
tenders, and the increase of bank bills
l hereby authorized shall not exceed fiity
millions of dollars per year, which amount
shall be so distributed by the Secretary of
the Treasury as to equalize as near as pos
sible the banking interests of the different
States.
Mr. Sumner indicated the fo,lowing
reasons in favor of the bill : Firs*, it wili
create a demand for our national bonds,
and to this extent fortify the national
credit ; second, it will tend to satisfy th se
parts of the coun.ry, especially at the
South and West,where currency andbanks
are wanting, and thus arrest a difficult
question ; third, it will not expand or con
tract the currency so that the opposite par
ties on these questions may support it ;
fourth, under it. the banks will gradually
strengthen themselves and prepare to re
sume specie payments ; fifth, it will give
the South and West the opportunity to
organize banks, and will interest these
parts of the country to this extent in the
national securities, and the national bank
ing system, by which both wiil be
strengthened ; sixth, it will, within a
reasonable time, relieve the country of the
whole greenback system, and thus dis
pose of an important question; seventh,
it will hasten the return to specie pay
ments.
The bill was laid on the table for the
present.
Five Gin-Houses Burned in Burke
County.—We learn that during the three
first days of last week five gin-houses and
a mill were burned iu Burke county, in
four instances the fire being the work of an
incendiary.
On Monday the gin house belonging to
Mr. William Cox was burned by incen
diaries. Twenty bales of cotton were con
sumed with the building.
On Tuesday the gin-house belonging to
Mr. Edward Gresham was destroyed by
an accidental fire.
On Wednesdav the gin-house belonging
to Mrs- Robert Lawson was burned. Fire
accidental.
On tbe same day the gin-hnns© and mill
belonging to Mr. John McCullough were
burned by incendiaries.
On the same day the gin-houso belong
ing to Mr. William Lawson was also de
stroyed by an incendiary fire.
SOUTH GA.CONFERENCE.
Appointments of Preachers for 1870.
Savannah District- James W Hinton,
P. E.
Savannah, Trinity and Isle of Hope,
Jas E Evans. Savannah, Wesley Chapel
Church and City Mission, Georgia G
McDowell. Springfield,Thomas B Lanier.
Sylvania Circuit and Beaver Dam Mission,
W T McMiohael and Charles J Toolo-
Bethel, Wm F Robinson. Alexander,
W J Baker- Waynesboro, N B Ousley.
Waynesboro Mission, R F Evans. Louis
ville, S S Sweet and Julien S Jordan.
Davisboro, Robert II Howren. Sandere
vrlle,' N B Moorehouse. Washington
Circuit and Gibson Mission, S G Childs
aud F M Russell. JO A Ciarke, Profes
sor at Emery College.
Macon .District.—Charles R Jewett,
P. E.
Macon, Mulberry Street, Vineviile and
East Macon, Robert R Lester, and one to
be supplied. Macon City Mission, James
Jones. Macon, First Street, J B Smith.
Macon Circuit, YV C Bass. Gerdon Cir
cuit, John W Burke. Irwinton. BEL
Timmons. Jeffersonville, II W Fiournoy.
Hawkinsville, F A Branch. Pulaski, and
Wilcox Mission, to be supplied. Fort
Valley and Hawkinsville, B F Breedlove.
Houston Circuit, 11 W Smith. Knoxville
Mission, Lucius G Evans and E Barrett.
Perry Station, Walter Knox. Hayneville
Ciicuit, W W iitewurt. Montezuma and
Vienna, James Harris and J Dunwoody.
Swift Creek Mission, James Spence.
Wesleyan Female College, J M Bonnell,
President;. C W Smith and W C Bass,
Professors. Editer Southern Christian
Advocate, E H Myers, D. D. Agent
Emory Ct liege, J S Key.
Columbus District—Thomas T Chris
tiaD, P. E.
Colnmbus, St Luke’s, 0 L Smith; Co
lumbus, St Paul’s, A M Wynn. Girard
and Wesley Chapel Mission, J R Little
john. Muscogeo Circuit,* S D Clements-
Hamilton Circuit, C A Cornell. Talbotton
Station, JO A Cook. Talbot Circuit, R
J Corley and H P Myers. Pleasant Grove,
IID Moore. Butler Circuit, R F Wiliiain
son. Buena Vista, J O Branch. Juniper
Mission, W G Booth. Cussetta, W M D
Bond and Y F Tignor, Supernumerary.
Upatoi Circuit and Pine Knot, G T Tooke,
il D Moore, President ot LeVert Fitaale
Coliege. L Pierce, Agent Sunday School
Society.
Amebicus District—J B McGehee,
P E.
Amerieus, W Dixon and SAn thony.
Bethel, J E tcentell and J T Johnson.
Oglethorpe and Eilavule Circuit, J W
Mills andJohn Skipper! Magnolia-Springs,
E J Rentx. Starkvnle Mission, to be sup
plied by Speight. Cuthberc and George
town, EA H McGee. Spring Vale, G 8
Johnson. Dawson, J M Marshall. Ter
rell Circuit and County Line Mission, G
B Embry. \Veston, J K Armstrong.
Lumpkin, D R WcWilliams. Florence, 6
K Weaver, one to be su-plied. F F Rey
nolds, Agent Andiew Female College-
BAi.NbftiDQEDistrict.— G C Clarke, P
E Bainond.ro. A,l Doan. Decatur Cir
cuit, W M Hays. Spring Creek Mission,
to be suo pued by W rfussell. Colquitt,
Eppes Tucker and J itt Potter. Blakely
and Trinity. D O DnseolL Fort Gaines,
B J Baldwin. Morgan, C E Brown. Ca
milla, J T Ainsworth. Cairo, P C Har
ris. Springhill and Thomas County Mis
sion, Wesley Lane. Grooverville, W F
Roberts. Thomasville, J M Austin. Al
bany, G H Patillo. Flint River Mission,
H Puckett. Agent Bible Society* R H
Lucky.
Brunswick District— J W Simmons,
PE.
Brunswick Station and City Mission, C
A Full wood. St. Marys, E J Burch.
Centre Village Mission, A P Wright.
Waynesviile, J D Williams. Wareshoro.J
D Maulden aod W II Thomas, supernu
merary. Arlington Mission, VV M Ken
nedy. Hoimesville, to be supplied by E
Findlay. Ocmulgee, D Crenshaw. Coffee
and Irwinville Missions, to be supplied by
J Ware. Stockton, L C Peek. Valdosta,
W M Watts. Quitman, J W Talley.
Morvin, J J Giles. Moultrie Mission, 31
H Fielding.
Altamaha District— L B Payne,P E.
Hinesville, M A MeKibben. Darien and
Reynolds Chapel, G E Gardner. States
boro and Bryan, W M Conley. Dublin,
J J Morgan. County Line Mission, to be
supplied. Rocky Creek Missioo, H C
Fentress. Oconee, C C Hines. Jackson
ville, L A Darrey; J G Worley, superon
merrary. Altamaha Mission, D G Pope.
Reidsville and Tatnall Mission, W W Tid
well : W F Conley, supernumerary.
DDCoxand W A Parks were trans
ferred to the North Georgia Conference,
Marshall G Jenkins was transferred to .
the West Texas Conference.— Macon
Tekynph-Messenger. '
The Conspiracy Against Georgia.
The New York World has the following
leader on the conspiracy to rob Georgia by
placing the State at the mercy of Bullock
and bis fellow conspirators in this vile
scheme. Our people have been patient
and forbearing under the many wrongs
which they have suffered at the bauds of
Bullock, Blodgott, tl id omne germs', but if
this contemplated outrage is furced upon
1 the State it will lead to disoider and vio
-1 lenoc:
Tue Conspiracy in Georgia.—Presi- I
dent Grant, in his message, after reeapitu- I
lating the tacts in ieiation to the reconstruc- ,
tion of Georgia, aud stating that “the Leg- j
“islature met and pa formed ail the aots i
“then required of them by th a Reconstruc- I
“tion acts of Congress,' mentions their 1
subsequent expulsion of the colored mem- I
bers of that body, aud the admission of |
some members “who are disqualified by 1
“the third ciause of the fourteenth amend- j
“ment to the Constitution,” aud recoin
mends that CoDgress should enact, .j
“without delay,” a law authorizing the
Governor of the State to convene the mem
bers of the Legislature originally elected,
give the negroes their seats, and
exclude the white members who
cannot take the iron clad oath. So
it appears that the President is a party to
the conspiracy to rob Georgia of her rights
as a State, which she had supposed were
secured by her compliance with ail the re
quirements ol Congress, and to place the
control of her affairs in the hands of
negroes and carpet-baggers, so as to secure
* the election oftwa more Radical United
States Senators, and to advance in other
ways the interests of the carpet-bag party
in the State. The Augusta, Macon and
Columbus papers, just at hand, explain
the whole ot this shameful conspiracy.
The Republican State Central Committee
held a caucus at Atlanta on the- Ist fust.,
and resolved tp attempt to induce Congress
“to take a snap judgment upon Georgia,”
before tho Legislature could of its own
motion satisly the demands of Congress |
by rtseatieg the negro members and ratify- j
ing the Fifteenth Amentia; #tt. They !
agreed to ask Congress to auriul all legisla- !
tion so far had uudor the constitution of I
1867, put the State under a gubernatorial j
dictatorship, with Bullock as supreme re- j
constructor, so that, backed by. the ui:ii- j
tary power, “the negroes should be re
seated and the Legislature purged of every
man who cannot take the reconstruction)
test-oath.” This is exactly what the caucus I
resolved to ask on the Ist of December; it is ]
exactly what President Grant recommends
on the 6th of December. Governor Bul
lock departed for Washington immediately
after the caucus, and that he has had good
success in his mission the President’s mes
sage abundantly proves. Before he left
Georgia, Bullock issued an extraordinary
proclamation, reciting at length numerous
so-called political outrages committed dur
ing the past fourteen tnoutha, for the pur
pose of taking it to Washington and dis
playing it theic as evidence that a state of
intolerance toward Radicals and Republi
cans exists in Georgia. None of these out
rages have any political bearing at all; and
even Forney who visited Georgia a short
time ago, was so impressed with the peace
ful and harmonious state ot things there
that he printed the other day, in one of
his papers, an appeal to Congress to let ail
the Southern people alone tor the future,
on the ground that they were dorng
well enough and that all further inter
ference with them would be prejudicial
and injurious But the conspiracy has suc
ceeded, as far as tho President is concern
ed ; he has shown his willingness to be
made tho tool of the Georgia carpet-big
gers; aod it now remains to bo seen if
CoDgress will be equally subseivient. If
the Ktate is left alone she will do her duty
—and, if necessary, she will even ratify the
Fifteenth Amendment and admit the ne
gro members to their seats. Bat this wiil
not satisfy the ambition of the adven
turers. They demand that the whole work
of reconstruction shall be done over again,
in order that tlmy may be kept in power a
little longer. There is perhaps a faint t ope
that Congress will refuse to aid their
schemes, at such a cost; although, now
that the President has been made a party
to tho conspiracy, the chances of its suc
cess are only too great.
TilK NATIONAL FINANCES.
Report of tlie Secretary of the Treasury.
Secretary Boutwell in his annual report
to Congress, which was submitted on
Monday, treats first of matters of adm n
idratiou and then of measures of public
policy, and gives a very clear and compre
hensive statement of the national finances.
Iu the first division of t.ie'report the Sec
retary compliments his various bureau offi
cers, commends the report and administra
tion of the Commissioner of Internal Reve
nue, &c The following are the more im
portant statements given :
The revenue receipts have increased
$14,431,333, for the first five months of
the present fiscal year over tbe same
period last year, which is regarded and an
nounced as a compliment to the ability
and iutegrity of the persons employed in
that branch of the public service. The
cost tor collecting the customs dues was
$1,001,647 less the last fiscal year than
the year previous, without any loss of effi
ciency in the service, but on the contrary
it is believed the means employed for the
detection of smuggling are better than
ever before- Incidentally the appraiser’s
department is commended in this connec
tion.
During the last fiscal year $'286,073 wore
paid to certain revenue officials and in
formers in cases arising under the customs
revenue laws. A large additional sum
was also paid through the internal revenue
office; the policy upon which this is done
is that it stimulates officials to greater ac
tivity in discovering frauds; bm in many
cates frauds are not stopped iu the outset,
but allowed to go on until a result is reach
ed which wili inure to the benefit of tbe
officers and informers, instead of cheeking
criminal practices at the outset.
The Secretary is clearly of tbe opinion
that the Government ought to rely upon
public officers for the proper performance
of tl eir duties, without stimulating thorn
by any contingent advantages. He rec
ommends an increase of the salaries of
oust imhouse officers; and the abolition ot
the system of giving to them a share of
fines, penalties and forfeitures will be an
additional reason for tbe increase ot sala
ries.
There are now 55 special agents in the
service of the department at a dajy pay of
$368 85. The organizations of the special
ageDts and assignments to districts is con
sidered a good feature ofthe service. The
Secretary gives considerable space in de
tails conucrmug the manufacture of gov
ernment note end bond paper in Philadel
phia, the printing of money aod bonds.
&c., the gist of which has heretofore been
given in various forms.
In regard to measures of public policy
treated of by the Secretary of the Trea
sury, the following embrace all of Mr.
Boutwell’s recommendations :
the depreciated currency.
The depreciation of tbe currency is due
to two causes—first, to anl excessive issue,
and, secondly, to tho want of faith in the
government; and the extent of the influ
ence of the first-named causes cannot be
ascertained until the second is removed
substantially. Whenever our credit shall
be so much improved at home and abroad
that holders of our bonds are disposed to
retain them, even when the public mind
is excited upon financial subjects, we shali
be able to judge more accurately the ex
tent of the over-issue of paper money.
It is also true that the qantity of currency
necessary for the transaction of the busi
ness of the oountry cannot now be fixed
accurately. Since the close of the war
the wa its of ihe States of the South have
increased, and, consequently, a large
amount of currency has been withdrawn
from other sections to supply the demand
there created. The amount necessary
for the purposes of the 8 mth will stead
ily increase for the next two years.
The construction of the Pacific Railroad
is likely to result in the substitution of
paper for coin by the people on tbe Pacific
coast- It is probable that the demand ior
paper for that purpose will not be less than
thirty millions of dollars. Asa conse
quence a very large quantity of coin will
he withdrawn from circulation, and thus
practically the coin will be increased upon
the Atlantic coast, and the paper in circu
lation in States east of tbe Rocky moun
tains will b; materially reduced. These
changes will tend to diminish the difference
between paper and coin.
SPECIE RESUMPTION.
The ability of the country to resume
specie payments will not be due to any .
special legislation upon that subject, but
to the condition ot its industries, and to
its financial relations to other countries.
These, of coarse, will be more or less de
pendent upon the general policy of the
government. The war exhausted the
country of its material wealth, and the
States of the South were literally impover
ished. A necessary condition for the re
sumption of specie payments was the de
velopment ot the industry of the nation, :
both South and North, and the consequent i
accumulation of the movable products of j
industry to such an extent that oar ex
ports of those products should be equal ;
substantially to our imports. So long as
it is necessary to pay for merchandize im- j
ported, by the trans.er of government |
bonds or other evidences of indebtedness
to other countries, so long will it be im- .
practicable to resume and maintain spec ie !
payments.
When the’products of industry exported
shall be equal substantially to the products
of other countries imported, there will be
no demand for specie for export, except
what map arise from the circumstance that
our bonds held abroad are sent home,
s«5 :l : n onr marheis, ar.d the proceeds ex- i
ported in coin. When the credit of the j
country shall be fully established in Europe, j
and therc shall be no doubt either of our |
ability or disposition to meet all our obliga
tions, bond, heretofore, and now to a large
extent, held by merchauts and bankers,
will be transferred to capitalists for perma
nent investment. When this change shall
have taken place, the probability of our
securities being sent home under the inftu- ,
ence «f political or financial disturbances I
jin Europe will be very slight; and when, j
j as a concurring fact, our exports, exclusive '
' of’public securities, shall be equal to our
I imports, specie payments may be resumed 1
l without even a temporary embarrassment
i to the business of the country.
SHIPS AN ELEMENT OF STRENGTH.
One of the most efficient means of
strengthening the country in its financial
relations with other countries is the devel
opment of our commercial marine. The
returns show that a very large amount of
the foreign trade is in English bauds. We
are not only thus dependent upon a rival
country for the performance of the business
which should be in the hands of ojtr own
people, but our ability to maintain specie
payments is materially diminished. If the
: entire foreign trade of the country, both of
exports and imports, were carried on in
1 American ships, the earnings would not
i be less than seventy-five millions of dollars
i a year. At present the freights of the for
! eign trade in American ships do not exceed
‘ twenty-eight millions of dollars. Were the
trade exclusively iu American hands, a
large part of this difference of forty-seven
million ol dollars would be due to citizens
of the United States, and payable in other
eouu tries.
This amount would bo thus added to
our ability to pay for goods imported from
those countries. If, for exam pi, an
American citizen purchased in New York
a thousand barrels of flour for six thousand
dollars arid export it to Liverpool in an
American vessel, and it is there sold for
seven thousand dollars, a bill of exchange
may be drawn against the proceeds, and
an invoice of goods of the value of seven
thousand dollars purchased in England
entirely liquidated, although at the cus
tom house at New York there would be
an apparent balance against the country of
one thousand dollars. But if, on the
other baud, the thousand barrels of flour
are exported in a British vessel, the pro
ceeds ot the flour realized in New Yoik,
and which can be applied to the payment
of goods bought in England, will be only
six thousand dollars, and there will remain
an actual balance against the country of a
thousand dollars. This familiar example
shows the importance of re-establishing
our commercial supremacy upon the ocean.
And Ide m it therefore essential to our
prosperity that the shipping interest of the
country be fostered, not only as a nursery
for ocean searneu, but also as au essential
agency in enabling the government to in
stitute and maintain specie payments. It
is an interest also which, in its develop
ment, is as important to the States aud
people remote from the seacoast as it is to
the maritime sections. Every addition to
our facilities for the export of the products
of the ioterior is as advantageous to the
producers as to the merchants aud ship
builders of the coast.
RESUMPTION OR REDUCTION.
While I do not anticipate that it will be
necessary to delay resumption until our
proper commercial position is regained, I
am satisfied that the development of the
navigation snd shipbuilding interest will
improve the credit and rapidly augment
the wealth of the couutry. The suggest
ions that I have made indicate my opinion
that it will not be wise to resume specie
payments while so large a part of the in
terest bearing debt of the country is rep
resented by 5-20 bonds, and held by Eu
ropean merchants, bankers and manufac
turers. Questions that have been raised
in regard to the nature of the obligation
assumed by the government in the issue of
these bonds have undoubtedly deterred
many persons from purchasing them as a
permanent investment, and consequently
they are largely held in this country and
in Europe for spccu'ative purposes by per
sons who desigD to put them upon the
market whenever the advance shall furnish
a sufficient inducement, or wheo political
or financial disturbances may create a de
mand ior money or other puri oses.
It is probable tnat from seven to nine
hundred millions of these bonds are now
held in Europe, and, to a considerable ex
tent, by persons who will dispose of them
under the influences to which Ih• ve re
ferred. Such a panic as existed in Europe
in 1866. at the opening of the Austrian and
Prussian war, would be likely to induce
the return of a sufficient amount
country for sale, to embarrass business,
and, in case of resumption, to cause the
suspension of the banks. It is, therefore,
in my judgment, essential that the larger
part of the five-twenty bonds be with
drawn, aud that o.her bonds be substitut
ed iu their pi ce, issued upon terms and
conditions which admit if no doubt. In
fine, the pi’uotieal questiou is uot merely
<hc resumption of specie payments (as a
measure by itself it is not difficult), but
the problem is to resume under such cir
! cumstauces that the position can be main
i taiued, not only in times of tranquility,
but also in periods of excitement ami peril.
Our eourt»c, it seems to tue, is plain.
Every measure of the government beiring
upon the subject should tend to appreciate
the value of our paper currency. It is
probable that some decrease in the volume
of paper will ultimately be necessary, and
I, therefore, respectfully suggest that the
Seeretai.v of the. Treasury Toe clothed with
authority to icduca the circulation of
United States notes in an amount not ex
ceeding (wo million of dollars in any one
month. Thus will the country be brought,
gradually it may be, and yet without dis
aster, into a condition when the resump
tion of specie payments will be easy, if not
unavodable.
UNITED STATES. NOTES And BONDS.
On the Ist of December, 1869, tie
principal of the public debt of the United
States, not deducting bonds and cash on
hand, amounted to $2,605,286,789 82. Ol
this amount, the,sum of $356,113,25850 is
represented by United States notes not
bearing interest. The larger part of this
is needed for circulation, but the amount
can be reduced,from the ordinary revenue
of the coun.ry, if Congress shall consider
it expedient to make provision for such
reduction. The fractional currency in
circulation was $38,885,564 568, and there
is no occasion for any legislation in refer
ence to ..this item of the public debt. There
were outstanding, also, certificates for gold
deposited in the treasury to the amount of
$36,862,940. The certificates arej redeema
ble on presentation, These three items
amount in the aggregate to $431,861,-
763 18, and in making provision for the
public debt they are not necessary to be
considered.
On the loan of January 1; 1861, the
sum of $7,022,000 is outstanding and
payable on the Ist of January, 1871. The
loan of 1858, of $20,000,000,is payable
in 1873. The bonds known as teu-fbrty
bonds amounting to $194,567,300, are not
payable un*il 1874 The six per cent,
bonds, payable in 18Sl,atuouut to $283,-
677,600. As the bonds known as eigbty
ones and ten-forties, amounting in the
aggregate to $478,244,900, are not due
and cannot be paid previous to 1874 and
1881, is unnecessary to consider them in
making provision lor anew loan. The
five-twenty bonds, amounting in the ag
gregate to $1,602 671,100,are either due,
or will soon become due, and it is to this
class of the public debt, and to this class
alone, that attention should be directed.
Os this amount the sum of $75,477,800
has been purchased sinee xMarc’n last, and
the bonds arc now held by the govern
ment. Before any measure for funding rhe
five twenty bonds can be consummated the
government will be able to purchase at least
$75,000,000 more. There will then re
main, on the first of July next, about
$1,450,000,000 of the five twenty bonds in
the hands of the public creditors. Os the
entire indebtedness cf the United States
only the unimportant sum ol $27,000,000
wi.l be due and payable previous to 1874. j
FUNDING THE FIVE-TWENTIES.
Under these circumstances, it does not
! seem to me to be wise to authorize the
j funding of the whole amount of the five
twenty bonds, which, as is now anticipated,
I will be outstanding on the Ist ol July
: next, but- bat $250,000,000 at least should
! be suffered to remain either lor purchase
(or redemption previous to 1874. Should
the sum of $250,000,000 be left for that
purpose, the entire public debt would be
in a condition to be easily redeemed. Be
tween 1874 and 1881, tbe ten-forty bonds
could be paid, and provision also made for
the redemption of the bonds which will
become due in the year 1881. It may be
wise to reduce the proposed loan to sl,- .
000,000,000, which would then leave the
payment previous to 1881 the sum of j
$670,000,000, or hardiy more than S6O,- I
000,OOu a year-
Assuming that the proposed loan will ,
be for an amount not exceeding $1,200,- i
000,OOu, I recommend that it be offered
in three classes of $400,000,000 each. t
The first class of $400,000,000 to be pay- ,
able in fifteen years, and to be paid in j
twenty years. The second class of $400,-j
'000,060 to be payable in twenty years, and
to be paid in twenty-five years. The third j
class of $400,000,000 to be payable in I
twenty-five years, and to be paid in thirty ;
years.
The essential conditions of the new loan i
appear to me to be these:
Ist. That the principal and interest shall
be made payable in coin. l
2d. That tbe bonds known as the five :
twenty bonds shall be received in exchange ;
for the new bonds.
3d. That the principal be payable in
this country, and the interest payable either ;
in the United States or in Europe, as the
subscribers to the loan may desire.
4th- That the rate of interest shall not
exceed per cent, per annum.
sth. That the subscribers in Europe
shall receive their interest at London,
Paris, Berlin, or Frankfort, as they may
elect.
6:h. That the bonds, both principal and
interest, shall be free from all taxes, de
ductions, or abatements oi any sort, unless
it shall be thought wise to subject citizens
of the United States to such tax upon in
come from the bonds as is imposed by the
laws oi the United States upon income de
rived from other money investments.
There aietwn reasons, and each seems
to me to bi a controlling reasoD, why the
bonds of the United States should be ex
empt from State and local taxes. If not
so exempt, the amount ot the taxes im
posed by the local authorities will bo added
to the interest the Government will be
required to pay. and thus the national
Government will be compelled to provide
for taxes imposed by the local authorities.
Secondly, inasmuch as the ability to
borrow money may, under some circum
stances. be essential to the preservation
ot the Government, the power should not,
evenin times ofpeaee and prosperity, be
qualified by any concession to the States
of the right to tax the means by which the
national Government is maintained. The
right to use its lawful powers free of auy
condition, restriction or claim of another,
is an essential condition of sovereignty,
and the national Government should never
surrender or qualify its powers in this par
ticular.
TtlE NEW LOAN.
In offering the uew loan, citizens and
subjects of other governments should re- |
cieve the strongest assurance that the in- i
terest and principal are to be paid in coin, j
according to the terms of the bonds issued,
without any deduction or abatement what- |
soever.
In order to avoid the necessity of ern- |
ploying agents for the negotiation of the
loan, I respectfully ; recommend that a
liberal commission be allowed to subscri j
bers, and thatthose who first subscribe be |
permitted to select the class of bonds in :
which their subscription respectively shall
be made. I further recommend, in counec- 1
tion with the proposed loan,that the banks
established uuder “the act to provide a
national currency” be required co substi
tute the bonds that may be issued under
the proposed loan set for those now de
posited as security for the redemption of
their bills. Should any bank be iunwilling
to accept the new condition, provision
should be made for the surrender of its
charter, and authority given lor the organi
zation of new banks to supply the deficien
cy thus created.
An essential condition to the success of
the proposed new loan, is the continuance
of the present revenue system. A chief
means by which the present holders of the
five twenty bonds can be induced to sur
render them, and receive a bond upon
longer time and at a lower rate of inter
est, is the certainty furnished by the mag
nitude of the national revenue, that these
bonds are soon to be redeemed. We must
be prepared to offer them the alternative,
either of acceptiog the uer? bond at a lower
rate ol interest, or payment of the principal
of the existing bond. When the five
twenty bonds shall have been funded to
the amount 0f51,000,000,000 or $1,200,000-
000, the revenues can be reduced material
ly, and yet sufficient sums be raised to
meet the ordinary expenses of the govern
ment, to pay the interest on the public
dfcbt. and also to pay $25,000,000 to $50,-
000,000 of the principal annually.
Should our suceess in negotiating anew
loan be equal .o my expectations, based
upon the fact that the gbility and disposi
tion of the people of the United States to
pay the public debt are sufficient to justify
us in assuming that the bonds of the United
States will command the highest rates in
the markets of the world, we shall then be
iu a condition to enter upon the worn of
reducing taxation at the commencement of
the next session of Congress.
REDEMPTION OF THREE PER CENT. CERTIF
ICATES.
On the 30th of June, 1868, the amount
of outstanding three per cent- certificates
and compound interest notes convertible
into three per cent, certificates was $71,-
0(04,820. On the 30th of June, 1860, the
amount outstanding was $54,901,410,
showing a reduction of $16,613,480 in
that form of indebtedness.
On the Ist of Dec-ruber, 1869, the.
amount outstanding was anil further re
duced to $49,716,150, showing a total re
duction, in seventeen mouths of $21,-
888,740.
The three per cent, certificates are a
substitute, to a considerable extent, for
Udted States notes, being largely held by
the banks as a portion of their reserve,and
thus directly, though not to their full
nominal value, they swell the volume of
currency.
I recommend that provision be made for
the redemption of the throe per cunt, cer
tificates within a reasonable time ; and, as
a compensating measure lor the reduction
in the amount of currency which would
thus be caused, that authority be given to
grant charters for bank3 in the States
where the banking capital is less than the
share to which they would be entitled, to
an amount, not exceeding thirty-five mil
lions of dollars in the aggregate. The re
dumption of the three per cent, certificates
and the additions to the banking capital
might be so arranged as not to produce a
serious disturbance in the finances or
business of the country, while additional
banking capital would be supplied to the
sections now in need of it, and this with
out auy increase of the volume of circula
tion.
BANKING! EVILS.
There are two evils in the present bank
ing system which require remedy by
prompt and efficient legislation. The first
is the practice on the part of banka of al
lowing interest upon deposits. The effect
of this practice is that moneys in the hands
of individuals which otherwise might be
loaned for regular mercantile and other
business purposes, are diverted into the
custody of banks, upon tho that, if
the security is not better, payment can be
obtained at a moment’s notice.
i iCcuntry banks, and others remote from
tne large centres of traffic, 1 aving received
money on deposit for which they pay inter
est are anxious to transfer such funds to
banks, from which they receive an equal
or larger rate of interest in return. They
are stimulated also by the desire to place
their funds where they eau be at all times
commanded. Thus influenced, large sums
are placed on deposit with banks in the
cities, especially in the city of New York,
which is the great centre of trade and
finance for the Atlantic coa»t. In the
ordinary course of trade the currency of
the country ten Js rapidly to the cities, and
it is unwise to stimulate this tendency by
artificial means.
But the evil does not end with the im
poverishment of the country. As tbe
banks in the cities may be called upon at
any moment to respond to the drafts ol
their depositors, they decline to make loans
representing such fundi upon commercial
paper payable on time, but insist upon
making call loans, asthey are termed, with
government bonds or other obligations
pledged as collateral security. Merchants
generally will not borrow money in large
sums payable upon demand. The conse
quence is that ihe moneys thus accumulat
ed in tbe city banks are loaned to persons
engaged in speculative pursuits.
The extent of this evil is seen in the fact
that, of the bank loaDH in the city ol New
York in Oetober, 1868, $98,000,000 were
i upon commercial paper, and $68,000,000
, upon demand, with a pledge ol' collaterals;
! and in October, 1869, $96,000,000 were
upon commercial paper and $59,010,000
! upon demand, la the former year 41 per
j cent., and in the latter year 37 per cent.,
j ol the loans made by the New York banks
: were upon demand.
A further result is seen in the fact that I
parties borrowing money upon commercial |
paper lor legitimate commercial purposes ;
pay from three to six per cent, additional j
interest per annum as compared with
persons who borrow money for speculative
purposes. I therefore respectfully rec
ommend that a law be passed prohibiting
absolutely the payment of interest by
banks upon deposits, and limiting also
their loans upon collaterals to an amount 1
not exceeding ten per cent, of their capital.
I am satisfied, also, that the practice of
certifying checks, even when funds are in
the bank to the oredit of the drawer of the
check, is fraught with evil, and that ought
to be entirely prohibited.
: The Manufacturer and Builder.—
i This new and exceedingly valuable pubiica
! tion, now about to enter is second year, is
! one of the best and cheapest ol its class.
| It is an eminently practical journal, and is
I devoted mainly to the progress of the in
! dustrial and mechanical arts. We are glad
i to learn that it has been a success, for we
know that the information contained in the
j first volume alone has been such as could
I no- have been obtained from any other
■ source for ten times its cost. It should be
i in the bands ol every manufacturer, me
chanic, and professional man, and would
be a valuable addition to any library.
Published by Western & Cos., 37 Park
Row, New York, at $1 50 per annum.
LETTER FROM ATLANTA.
Rascality on the Rampage—State Road
insolvent—Treasury empty—the Coal
Ring—Bullodc and Blodgett gone far
good , if Georgia is notremanded—Rats
to leave the Empty Crib.
■ !
Atlanta, December 10th, 1869.
Editors Chronicle k Sentinel:
Rascality is undoubtedly Jon the ram- |
page. Bullock and Hurlbert are showing ;
their hands more plainly. Our statement I
that the State Riad Lad not paid its '
monthly installments for October and No- j
vember iDto the Treasury, has been veri- 1
fied by a lame apology from Hurlbert. It
was claimed by his friends that the reason
why he was not paying in more than $25,-
000 per month, was that He was placing
the road in first class condition. Now he
claims that for the last two months he has
not paid in any at all because he bad to
purchase rails and ties? Why not let the
public know ibis before Blodgett snd Bul
lock leit for Washington? When the Geor
gia Hoad has kept up her rolling stock and
road bed, and for October and November
earned over $200,000, why is it that the
State Road, with double the business,
has- failed ? Does it not demonstrate the
incapacity of the Superintendent or cor
ruption in its management? In either
horn of the dilemma, a change is impera
tively demanded. The $300,000 mad by the
State Road in the past three months is not
in the State Treasury ! Where is it? How
much did Bullock and Blodgett carry to
Washington with them to grease Congress
with ? is it not a part of the agreement
that, in case Bullock fails to get Georgia
out of the Union, that h.e and Blodgett
will not return, and the balance of the
earnings of the Road will bo —whose ? The
; State Treasury is as nigh exhausted as Bul
j look could do, when Angier oould not
, checkmate him.
If the present management of the State
Read is permitted to exist, next Winter
will find tho supply of coal iu the hands of
a ring who will run it up to the highest
figure. But one dealer outside of the l ing
is now permitted to receive any, and he
will cot be after this season. The coal
ring should be bursted and let all dealers
have a chance. Cannot the Legislature
pass an act to preveut discrimination in
favor of particular parties on the’State
Road?
Bullock and Blodgett are’ said to have
I carried off from $200,000 to $300,000 to
I Washington, and to contemplate staying
j there, should their movement fail 1 Iu
j consequence of the depletion of the treasu
ury. and the want of faith in the two B’s,
many rats are preparing to leave the pub
| lie crib. You may reasonably anticipate
I hearing some journals denounce the meu
! they but yesteruay endorsed—reason, loss
of public “pap.” Gen. Terry is hand-and
' glove with Bullock in liis nefarious
schemes. There is some special contract
between them, but what its tenor has not
leaked out ! Some ambitious men,
I yearning after the “Federal flesh-pots”—
amphibious animals, who, while in water,
claim that that is their element, and
while on earth that that is their true
sphere of action—are using every exertion
i to have the Legislature adopt the 15th
j Amendment! That Amendment was
| killed by the vote ol the Radical President
I of the Senate, and there let if rest !
Hannibal.
IjKTTKU FKOH WASHINGTON.
President Grant a<ul Pis Message— Vir
ginia and Georgia —The man on Horse
back and His Adversaries— The Geor
gia Bills Before the Judiciary Commit
tee— Senator Trumbull's Bill a Hum
bug— Ihe Finances—Sumner and the
I Yards of the Nation, etc.
FROM OUR OWN CORRESPONDENT.
Washington, December 8.
Editors Chronicle & Sentinel :
The Radicals here, carpet baggers and
all, are immensely pleased because the
President has signified in his message his
thorough willingness that they shall JeaJ
him where they please, although in with
holding from al but a tew of the leading
lights of th party Lis intentions, he had
caused some quaking in the camp, as
those with whom be had consulted had
been pledged to secrecy, and the
outsiders alarmed lest the
points of the message would not coin
cide with their views. It is time that,with
respect to Virginia, some of tho ultras feei
and express a sense of disappointment, as
they had hoped that the hundred® of the
disappointed Scalawags and squatters in
the “Old Dominion" would bo met in the
message. Grant knew, however, that if
he hod suggested keeping her longer out
of the Union he would lose caste with some
of the most prominent Radicals whose sup
port he wants. He leans to the advice of
the most prominent men in the party and
turns the cold shoulder to the small cali
bred bores in the ranks. Grant would
never talk with Bullock on Georgia mat
ters but for the fact that Morton, Ed
munds and others are being manipulated
by him.
A report on the different bills affecting
Georgia will soon be made from the Ju
diciary (Jommittee, where they have all
been referred. Theintention of the Senators
having them in charge is to have a consul
tation and agree upon some measure which
will be satisfactorily to them ail, and it will
be reported as speedily as possible. What
the ultimate result will be cannot hardly be
foreseen at present; but the Southern
Radicals, who ccrtaiply are invested with
some iu'iuenceio Congress,intend, if possi
ble, tha the State of Georgia is to be
given over entirely to them. They mag
against a slumbliDg block before the
Christmas holidays Some of the Re
publicans in the Senate are not slow to
state that they are willing to judge of the
Georgia case according to its merits, and
they may be disposed to give other parties
than Bullock, Blodgett & Cos. a hearing.
The proposition of Senator Trumbull co
make it a misdemeanor for a member of
Congress to recommend any one to office
unless requested to do so by the President
or head of Department creates no little
comment and was received with much
laughter in the sleeve by the great majority
of Congressmen. No such bill can ever
pass Congress. It may sound very pa
triotic for Mr. Trumbull to declaim against
memberp of Congress petitioning for official
appointments for their friends but he must
know that it will never pass. The Execu
tive Mansion and the different Depart
ments are daily crowded with Senators and
members of the House of Representatives
clamoring for appointments, from Bureau
chiefs. Supervisors of Internal Revenue,
jufigeships and other high grades down to
the poor billets ot twelve hundred dollar
clerkship®. To talk about depriving mem
bers of Congress ol' their rights in this re
spect is absurd. Their patriotism revolts
at it.
Financial schemes are coming thick and
fast and Boiitwell’s theories will be likely
to be set aside for those of Senators who
think their views on the financial situation ,
are entitled to more consideration than
those of tbe Secretary of the Treasury.
The financial schemes which are to take
i the lead, however, in the discussions of
1 this session are not yet thcrougfily matur-
I ed and will not be presented until after the
: holidays.
| Sumner to-day introduced another reso
lution relative to the everlasting “nig.”
I He wants the committee on Military Af
j fairs, of which Wilson, Sumner’s colleague,
| is chairman, to ascertain whether it i5 ne
: cessary that Congress should legislate
further to secure to “colored citizens,”
i who h.ve served in the United States
j army their “equal rights.” If there is any
1 law prohibiting slaves (Mr. Sumner should
; know that slavery has been abolished ex
cepting in the factories of Massachusetts)
from receiving bounties for their service
in the armies, Ire wants it repealed.
The long talked of nominations for Cir
cuit Judges were made to-day by the Pres
ident in all but the Bth Judicial District,
where there is a warm fight over the ap
poin ment. In addition to tbe nomina
tions for Circuit Judges, nearly four hun
dred nominations of appointments which
had been made during the recess were seut
to the Senate.
In the National Labor Convention of
colored men now in session here, J. M.
Simms, of Georgia, offered a resolution en
dorsing the President’s message in relation
to the State of Georgia and the political
condition of the State. It was adopted
although it was not stated what bearing it
could have in a Labor Convention.
Jasper.
SOUTH CAROLINA.
THE MONGREL LEGISLATURE.
Codifying the Lams Well-paid. Work—
A Negro to be Judge—Uomestead for
the Million - Scott’s Specie Payment—
His Aggressive Measures.
[from our own correspondent.]
Columbia, December 8, 1869.
Editors Chronicle k Sentinel:
At the regular session of the Legisla
ture —on the 9th of March of the present
year - Governor Scott approved an Actcf
the Legislature which thereby became law,
appointing a commission of threo to codi-
Jfy the laws of this State. The Act says:
“Three Commissioners, whose duty it
shall be to revise, simplify, digest, ar
range and consolidate, under proper
heads, all .the statute laws of the State,
general and permanent in their nature,
which shall be in force at the time when
! they make their final report.” Under
1 this Act three Commissioners were elect
;cd by the Legislature—D. T. Corbin, a
; white carpet-bagger; C. W. Montgomery,
Ia scalawag; and W. J. Whip per, a negro
i carpet-bagger from Michigan. These
; three worthies have just presented their
| Code, although no action has yet been
I taken on it.
The code is said, by our best lawyers,
who have compared it with tbe c6do of
j New York, to be a copy of the latrer, al
| most oomplete. The divisions, numbers,
and arrangement throughout are the same:
! and as to language it is word for word the
same almost throughout, the only depart
ure being where some local legislation re
quired the variation of a phrase here and
there.
Now lor this work the Aot allows them
SB,S(H) each per annum; r $19,500 a year
besides “for reasonable expenses ot cleri
cal services, books,printing, station'ry, and
other necessary and kcidemal matters, not
exceeding ss,oooannually.” That is, the
code is to oost the State $15,500. To run
ov r the New York code with a pencil.*
raakjng the changes, and then to <opy the
whole off, oould be done for rather less
than $15,500, one would suppose.
THF, NF.W JUDGE.
fte election gi-Hoge, carpet-bagger, to
Congress (by a majority, as Don Piatt ex
presses it, ol 3,000 against him !) leaves a
vacancy on the bench of the Supreme
i!iv onrt consists of
iltueNßstnjeani! 'wo associates. The
Ch.ef Justice is a native ol the State, a
Jew by race, an ah’p lawyer ; and tho
remaining associate i, Willard, a carpec-
, A . n< 7 assceiiita i to be elected ;
stavin- Ghiet Justice are
Btavm, .ft t..e elecunn, because an election
now weu'd place Whipper, a Michigan
negro, in the vacant judgeship, which,it is
rumoreO, wou.d not be agreeable to the
. Jnst'ei. This, rurnoi may do in-
C ° P lO Chief. Justice, ar jit prob
t oly does, because ho has voluntarily taken
,too much oi he negro already to becon
i Hnm 10 °L JCOtK « t0 ’ tb ' 3 additional dose.
I ±low ? ve [ that maybe, the ntvro race de
: mands the election of one of its own color ;
aud when it becomes an issue of race, they
number 79 to 76 whites. Aud many ot
the whites are blacker than the negroes :
so that whenever the latter, as a matter of
race, demand an office, their whiteslaves
cower under the lash of parly and dare not
re use the office demanded. JudgOrr, form
erljs peaker ol the House of Representatives
in Congress, has been mentioned as Whip
per s most formidable opponent. Ilia own
menus, and they are many, very much de
sire to see him elected ; but the shrewdest
or lobbyists do notintertain auy other idea
than that the colore J aspirant will be elec
ou.
THE LIN’D COMMISSION.
This Commisssioa was 0.-. abhslicd last
session ; auu has for object the buyii g
up of lands sold thoroueht the. Slate by
Sherifls at low prici the same in
to small tracts, and sellirg them tu indi
viduals on easy it-rms. Tftis is all right,
if it mi. ht cm happen that worthless lands,
owned by Racu;d.-,could be bought up and
make it a good thing for the owners; and
(as this is net important, on account of the
fewness of Radical land owners) the indi
viduals should so a ten be Radical negroes,
who (although they arc Radicals, deserve
a decent degree of humanity),are to to sold
in the transaction while they are made to
believe that they ’ are on the high road to
success. But the , best thiog about the
whole job is- the salary of the commis
sioner, $2,000 per annum ; jilus $lO foes
for each title issued by him ; plus also
“such clerical assistance as may be au
thorized by the Advisory Board.” The
original act appropriated $200,000 for this
purpose ; and a move is now afoot to put
$1,000,000 of State bonds into the hands
of the concern.
SPECIE PAYMENT.
_ Mention was made last week of
Governor Scott’s project of making
money by appreciating Slate bonds
because lie holds large amounts
of them. This be was and is trying to do;
and in itself it is a good thing, did we not
see his motive iu it. Last year he urged
State aid to the Blue Ridge Railroad, be
cause he wanted the job of finishing it.
This year he advises against giving State
aid that way, became he has, since last
year, invested largely in State bonds.
Now he is taking another step in tho
same patriot iA direction. He has managed
to get a bill introduced requiring the inter
est on State bonds to be paid in gold! It
is thought and hoped that this bill will be
defeated. And it is said that his Excel
lency’s power is waning in the General As
sembly.
AGGRESSIONS OF BCOTT.
Besides the little Gold Bill mentioned
above, Governor Seott has had his lawyers
to prepare a Bill giving him power to ap
point a Commissioner in each county in the
•Sta e, who shall have the regulation of
jury-drawing in such way as to give him
virtually the power to pack his own juries
whenever occasion or his interests might
demand it. A lawyer has expressed to
your correspondent the opimou, after read
ing this Bill, that a more oppressive. and
aggressive law has rarely, if ever, been
enacted in all the nnals of tyruouy. This
Bill has been offered but not yet con
sidered.
A member of the House to-day told your
correspondent that Scott has inspired yet
another Bill oi most extraordinary char
acter, the operation of which would be tanta
mount to giving the Governor the power
to remove from office any or all the State
officers, upon certain representations,with
out trial or any future chance of investiga
tion. This Bill is yet in tho hands of
Scott’s under-workers, and if his waning
power goes much further (as it appears in
some discussions on the Gold Bill) it may
never he presented ; iiut. a Demon at ic
member of the House has certain knowl
edge of its existence in paper now.
1 DECISIONS OF THE SUPREME COURT
OF UEOUtiIA.
Delivered in Atlanta, Monday,. Dec. Oth.
Reported Esprewly fur the Constitution, by JI. J
flatutnond, Supreme Court Reporter.
\ The Court adjourned at 10 o’clock, A.
M., Dec. 6, 1869.
The Southern Circuit was taken up.
1. E A Iloytjc Cos., plaintiffs in error,
vs. D J & J W Sheffield. Complaint
from Thomas, was begun.
A P Mynatt, Lochrane and Clark, for
plaintiffs in error.
Hammond and Davis for defendant.
After the argument was opened, it was
discovered that the evidence, which was
a part of the bill of exceptions, had not
been copied for the Judge and Reporter.
For this reason the case was dismissed.
No. 2. AnnM Peacock ct. al., plain
tiff,in error, vs. Jose oh M Howell, admin
istrator, jdeleudant. Equity troufLowndes,
was dismissed for want of prose, u ion.
Baker and Hammond for .plaintiff in
error.
Alexander and Love for defendant.
Jn No. 3. D P Gibson, plaintiff in error,
tw C C Williams, defendant. Complaint
from Lowndes. There was no appearance
; for plaintiff' iu error. But defendant in
error claimed that he should have a judg
ment for damages fir the delay caused by
this biil of exceptions, opened the record
and argued the cause.
Baker and Ilammond for plaintiff in
error.
Peeples & Dasher, Hansell & Hansel),
by A W Hammond & Son for defendant.
Chas U Kibber, Esq, of Hawkinsvillc,
Ga, and W G Irwin, Esq, cf Atlanta, Ga,
were admitted to this bar.
No 4. A T Burke et al. plaintiff in error,
vs Robert S Anderson, defendam. Equity
from Pulaski, was argued. Hansel! &
Hansel!, Sam Hall, C C Kibber, for plain
tiffs in error. Lar.ier & Anderson, Pate
4 Ryan for defendant-
Pending the argument of Mr L.riier for
defendant, Court adjourned nil 3 o’clock
p m.
The Court will set from 10 ’clock a m
till 1 o’clock p m, and from 3 o’d .ok p ra
till 5 o’clock p in.
Atlanta. December 8.
Some lime was occupied i=. having cases
which had come up, irregul .r’y' cirri-: 1 to
the docket of the next term and in takin;;
ralea against curtain clerk* of Superior
Courts for failure to do their uuty as to
bills of exceptions, etc i' u> t. *ni n
- tbe cases on the doccit .j term.
No. 3. Southwestern T -. . John
son, plaintiff in error, vs. 'l’m - ewart.
Application, for injunction a t ,leceiver,
from Lee, was dismissed upon th ; motion
made yesterday upon the group i that it i.-
prematureiy brought here.
No. 4 is Koe & Gillion, plum tiffs <ri
error, vs. Doe & Mithew Favor et. al-
Ejectment from Dougherty.
Strozier & Smith, for plaintiffs in error.
Warren & Warren for defendants.
It was stated that the Oise was settled.
There beiDg no appcaraooe for plaintiff in
error, it was uismissed for wa-t of prose
cution.
No. 5 is Joab J. Gillion, plaintiff in er
ror, vs. D. W. Massey, defendant. Distress
warrant from Dougherty.
Strozier & Smith, by Licit rape i Clark,
for plaintiff^ri error.
Warren & Warren, by D. A Vason and
G. J. Wright, lor defendant. It was ds
missed lor non-compliance with JOth Rule
of Court.
No. 6 is James Hill, plaintiff in error,vs.
Win. O. Flemming, Rule, vs. Assignee iu
Bankruptcy. From Dougherty.
Hines & Hobbs, Lochrane & Clark, for
plaintiff in error.
Warren & War ren, D. A. Vason,for de
fendant.
Pending the argument of Judge Va- m,
Court adjourned rill 3 o'clock. P. M.
EViUNII" .'SEKHIOW. _
Argument wrs resumed aaa concluded
in No 6,Southwestern Circuit.
No 9 is Covington Dumas, administrator
plaintiff in error, vs- Jesse Koben et al.
“Motion to open /£/<*,” from Calhoun.
Vason & Davis, Lyon for plaintiff in
error. „
T. L. Dunn, C. B. Wooten by S. D.
Irwin and W. A. Hawkins for defendants.
Pending the argument of W. A. Haw
kins the court adjourned till 10 o’clock A.
M. to-morrow.
Simmons’ Livkb Regulator, the com
ponent parte of which are purely vege
table, and as a medical agent, its healthful
effects have made it a general favorite
The effect of the medicine on the stomach
liver and kidneys is prompt and effectual’
The patient soon feels as if he had taken a
new lease of life, and is overjoyed to find
the depressed leeling dissipated, the cos
tive habit corrected, and new stream* of
h alth coursing through his frame.
For deranged liver, dyspepsia, diar
rhoea, piles, etc., Simmons’ Regulator cer
tainly has no superior. It acts like a
charm, without debilitating the system
and without any of the evil effects ot mer
cury. Made only by J. H. Zeilin &Cos
Sold by all druggists. Price sl. *
Uecll—d*wl