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About Weekly chronicle & sentinel. (Augusta, Ga.) 1866-1877 | View Entire Issue (Oct. 1, 1873)
Chronicle anb Sentinel. w EDN m DAY < K'TOBER 1, 1873. A CONSTITUTIONAL CONVENTION. The Monroe Advertiser calls for a Constitutional Convention to frame such an organic law as will suit the needs and wishes of the people of the State. The Advertiser hardly takes us with it in de claring that, “Like the testaceous cov ering of a mollusceous animal, the con stitution of government should conform to and fit the living mass within.” We have never heard a State Constitution compared to a crab’s shell before, but the Ailvertiser is so sound that we fancy it is all right. Our cotemporary is emphatical ly correct in thinking the circumstances 'under which the present Constitution of Oeorgia was formed, a strong argument in favor of another organic law being substituted in its stead. Men must fully and entirely respect in its origin and authority the law under which they live in order to reap the full benefit of civil government. Such a respect the existing Constitution does not enjoy and in the nature of things never can enjoy, a legitimated bastard is for all, save purely technical purposes a bastard still. Moreover the present instrument has administrative defects. It is a long, rambling, disjointed, piebald affair with a car-load of platitudes at its head and a most attenuated cut and sadly mangled tail. Congress and the United States Supreme Court have so hacked and hewed the production that its pro genitors if once more assembled in their unsavory Atlanta Convention would hardly recognize their own child. We need a plain, straightforward, common sense Constitution, one made by citizens of the State for citizens of the State and a Constitutional Convention is the only prompt and satisfactory way to get it. HENRY CLEWS k CO. Henry Clews k Cos. have gone down amid the disaster and wreck of the storm which is sweeping over the stock jobbers and gold gamblers of Wali street. The name of this firm is fa miliar to the people of Georgia. It will be remembered by those who come after na—not, however, for the good that it has done, but for the infamy associated with it in evil deeds. As Governor Jack son, in the good old days of purity and honesty, drew down fire from Heaven which consumed the evidences of the Yazoo fraud, so the hand of retributive justice has overtaken the ungodly plun derers and thieves who have been feast ing and rioting in the money wrung from the oppressed and suffering South; and Clews k Cos. are among the number. We rejoice not at the misfortunes of honest men, no matter how wide apart we may differ upon political and other questions; but we do rejoice when the magnificent swindler and successful cheat is overreached, and caught in the trap set by his own hands for the cap ture of the unsuspecting and innocent. Little did the stock jobbers and bond brokers of Wall street think, when pur chasing the promises to pay of the car pet-bag governments, that they were sowing the wind which would reap them a whirlpool of destruction. Hut the day of reckoning has come sooner than they expected, and, like the thief in the night time, caught in the act of his crime, fear and trepidation, and shame and confusion, overwhelm them. Who in Georgia weeps for the failure of Henry Clews? No tears will be shed. No hearts will sorrow. No sympathies will well up in the breast of Georgians. The Prince par excellence of bogus bond negotiators, the instigator of the Bullock fraudulent bonds, and the friend and supporter of Kimball k Cos. in all the rascally manipulations for swindling the State during the carpet-bag regime, his failure will cause no regrets in Geor gia. From the Savannah to the Chatta hoochee—from the mountains to the sea board -the hearts of all true Georgians rejoice that Henry Clews, who aided in robbing the State, by the negotiation of fraudulently issued bonds, has gone down in the Wall street whirlpool, never, let us hope, to rise again. The financial agents of the State, during the adminis tration of Bullock, the house of Clews A (Jo. negotiated the bonds of the car pet-bag Legislature. And now, verily, they have their reward, and who of us will gainsay that it is not a just and righteous one. The mills of the gods grind slowly, but surely; and Clews & Cos. have been crushed between the upper and nether millstones. THE KAILIIOAD OUTLOOK. The Northern papers almost without exception trace the late financial con vulsion to what we may term over-rail roading. One authority states that 6,000 miles of new roads were built last year, while not more than 500 were really needed. At an average of $20,000 per mile, this would give au issue of sllO,- 000,000 in railroad bonds, having no travel or traffic behind them, and in the light of such an exhibit the recent crash is not at all sur prising. In confirmation of the same view it is to be noted that while general business—the tea, dry goods, and other trades—is comparatively unaffected, the shock has been heaviest where the dab bling in railroad securities has been the greatest. The financial pets of the Ad ministration have, in particular, been sufferers. ,1 ay Cooke A Cos. had so much to do with the negotiation of United States bonds as almost to seem a department of the Government rather than a mere pri vate banking house, us did also our own particular friend Clews —who kindly pro- j posed to squeeze Georgia as a man : would squeeze au orange. Being thus favored with the confidence : of the Federal Government, and in fact; standing out to the world as being in I some sort official bankers, these firms ; had magnificent opportunities to do a fine stroke of business outside of trans- ' actions in United States bonds. In Eu- ! rope the nature of the Federal Govern ment is not altogether well known, and when Jay Cooke A Cos., Henry Clews and other favorites of the Administra tion, were seen and known to speak for their Government in so many financial ways, it is not surprising that multitudes in England and on the Continent should take them to be entitled to the same credit when puffing wild-oat railway securities as when exalting United States ; bonds. Under this impression *is not surprising that millions of European i capital were put into the “securities" of the thousand and one companies which build roads to sell bonds. For a while the traffic was very lively on the j part of European investors and very j profitable on the part of the companies and their puffers, the pets aforesaid. Finally the European mind awakened to ; the fact that the American bonds, while capable of absorbing any amount of capital, were miraculously barren of di vidends. It was easy to sow, but hard to reap. Consequently, investments stopped, and the houses which held bonds by the cord, in confident anticipa tion of working them off as easily as their predecessors, came to a dead-lock, with the natural result of one brick top pling down another in its fall. The real loss to the country by such toppling is more in immediate credit than in monev. The bonds of useless roads, representing no part of the real wealth of the people, the people lose nothing by their loss, except the beuetit of a certain share of credit. For a time the bonds of new railroads will be looked on with suspicion. It will be hard to establish a belief in the utility of the proposed line they repre sent, but as new lines must be built pub lic confidence will fiow once more to the deserving. As for established lines, it is hardly necessary to say anything. They do not seem to have precipitated the recent downfalls or to be in any se rious degree atlected or likely to be af fected by it. TO THE PLANTERS. The following timely letter from Jndge Gibson will inspire confidence in the country. There is no cause for un necessary alarm or increasing the panic, as our banks and bankers are perfectly solvent and will pay dollar for dollar. As soon as confidence is restored, the money market will become easier. Such expressions of opinion from prominent and influential citizens will do much good toward allaying excitement and in restoring a healthy feeling in business circles : Avgusta, September 26, 1873. To My Friends in the Country : Th'e very heavy suspensions and failures North and East has caused dis trust here, and produced something of a panic in the money market. Heavy depositors are withdrawing their cur rency, hence perfectly solvent banks, who have been loaning money to mer chants and planters on time liberally, have suspended here. I know the Presidents and Directors of these banks, .and can safely say they are not specu lating but have been assisting both merchants and farmers. Their assets are both solvent and ample, and no man need fear loosing one dollar by them. To’ the planters I would say 1 sen it on your cotton promptly, but with positive instructions not to sell at the present prices. It is money even in bales and can be realized upon at once. Cot ton can relieve our pressure here, and the sooner it is done, the fewer Augusta banks and merchants put under, the better it will be for the present crop. I then urge the prompt and speedy ship ment to Augusta of every bale of cotton as soon as baled. I have written this without cousultation with any one, and have no interest in any warehouse or bank anywhere. Respectfully, &c., Wm. Gibson. UNPROTECTED YOUNG MEN. M. Bc-rtillon, a French philosopher, who has paid great attention to what we may term connubial statistics, announces that there is no safety for lone, unpro tected young men out of matrimony. It appears that, between the ages of twenty-five and thirty, ten bachelors die to every six married men. Further more, where a man between said ages marries and is deprived by cruel death of his mate and fails to supply her place with a second “ sweetener of the cup of life’s troubles,” he is in a more fearful danger than even the forlon bachelor who has never ta ken unto himself an angel in Elizabethan ruff and panier ala mode. Thirty-five widowers between twenty-five and thirty die to every twenty bachelors of the same age. How powerfully a fact like this speaks for the tenderness of the masculine heart! Hhakspeare has said that “men have died and worms have eaten them, but not for love,” but if this be so why the portentious mortality among widow ers? If men were as anxious to get rid of their wives as certain calumnia tors say, the widower should in very joy of his release, live forever. To the contrary, we find him pinning away most lamentably and finally taking flight altogether from this mundane existence—a most notable and honorable testimony to the exquisite softnesss and susceptibility of the miscalled sterner sex. But though this be the danger of a widower’s lot, let no bachelor be there by deterred from the commission of matrimony. As the bachelor about doubles his chances of long life by mar riage, the widower has only to wed again and his chances are increased three fold. To put it arithmetically, the married man has 16 chances of a good old age; the bachelor but 10; and the poor, lone, lorn widower, only 6. JAY COOKE’S PANIC—HAH THERE BEEN A “ LOCK-UP ?” The distinguishing features of our present National Bank system are cor ners and panics. We have coffee “ cor ners,” and cotton future “corners,” and Chicago wheat “ corners,” and Western pork corners, and New York stock corners, and “ lock-ups,” Vanderbilt stock panic, and panic about the pre mium of gold, with a Black Friday, and now a panic about an irredeemable cur rency, which has neither altered in volume, nor can vary in amount, with several Black Fridays and Blue Mon days sweeping over the country like a Northerner, clogging the wheels of com merce and bringing fear and con sternation to the hearthstone of every honest laborer in the country “without distinction as to caste or color.” It would seem that the volume of currency ought to be sufficient, if not more than sufficient to supply the wants of the country, move the crops and ef fect the exchanges. But where is it ? This is the question which nearly every sensible man puts. Where has it gone to ? It cannot be lost. It cannot be exported. London and Amsterdam and Frankfort on the Maine, may take Federal bonds at good rates of interest payable in gold; but they can have no use for our irredeemable or Fed eral (or National if you please) cur rency. The Government put it upon the country, and no other country' wants it. It must, therefore, be where it was first placed—within the limits of the United States. Somebody has it. The New York bankers say it is not with them, and they grab the de posits of their rural correspondents. The provincial banks reimburse them selves in the same manner, doing as New York does, and the panic sweeps on, while the volume of currency, issued and endorsed by the Government of the United States, remains exactly the same as it was twelve months since, when we had no panic. Has there been a general “lock up?”—a “lock up” first in New 1 York and then out of New York ? It would seem so. i There is a marked feature in this pauie which cannot be overlooked. It ' fs a panic among those who deposit and I keep their money in bauks. There is perfect security for the bill holder under the law. The Government guarantees them against all loss. The bills of a I broken bank are as good, if not better, | i than the bills of a sound bank. There ! fore, there is no panic among bill hold ers. But if the unfortunate bill holder happens to change his relation to the j banks, and becomes a depositor he loses his endorser. Conscious that he has lost his security he takes alarm at any cause for suspicion and seeking to recover his lost position commences the run on the bank. It is i the defects in the provisions of I the National Bank laws which, placing I the banks themselves at the mercy of | depositors, both in the matter of profit and in the matter of stableness, which ; gives riseto “corners" and lock ups" and “panics,” and until those defects are j i remedied we may expect comers and “lock nps” and “panics" whenever they can be manipulated by clogging the wheels of commerce so as to bring profit ito those who originate them. We are not of those who are disposed to find the cause in the management of the! banks themselves. It is true, there has j , beeu a great loss in public confidence j in those institutions, resulting from the | immense frauds and defalcations and breaches of trust which have been discovered at the money centres o f the country. But these no more affect general confidence than similar dis coveries in the offices of the Govern ment itself. It does not extend to all banks and all localities. It is therefore insufficient to account for the wide spread panic which overwhelms the commerce of the whole country. If i depositors throughout the country 1 were by law made as secure as bill hol holders, clearly there could have been i no'panic. This we think self-evident The immediate moving cause of the i present panic, unquestionably was the failure of Jay Cooke A Cos., and we pre dict that the cliief losses will fall with such financiers who are engaged in j similar enterprises. We have an ex act illustration of the character of such in the “bumming" operations jof Littlefield, Bullock, Clews A Cos. in the South. The bummers form a capital stock by issuing the scrip therefor to the accepted clique as a bonus, who will make the necessary ad vance to inaugurate the work, on first mortgage bonds, which are to be sold to continue the work. So long as finan cial agents can sell bonds all goes merry as a marriage bell, for these are in amount to cover expenses and leave a surplus for services rendered by the clique. Unfortunately, or fortunately, for buvers, the exposures which have been made by Southern Legislatures have opened the eyes of European capi talists, particularly the honest German, who has been the principal victim of these sort of wild-cat speculative enter prises. Now there is no market for Au erican railroad securities in Europe, and no market for bonds means no sale, and no sale, no currency. But before the financial fiasco is reached, the financial bummer goes into the home market with his bonds at 75, 50, and 25 cents of their face value as collateral security, and ekes out existence by paying exorbitant rates of interest, to the detriment of all honest dealers. At last comes the crash and the panic; but the volume of cur rency is still the same, and measures values just as before. The immediate effects of all panics is to depress prices. This we have no doubt New York capitalists have looked for ward to. Indeed, w 8 have authentic accounts of cases where deposits have been deliberately withdrawn in large sums, just as in “lock ups.” It is already said in some of the Northern journals that the prices of wheat and cotton must go low. In the matter of cotton we predict their failure. In a large amount of the contracts which cotton planters entered into this year there is a stipulated option for payment in cot ton at fifteen cents per pound, and there is no lien law to force the planter out of debt to bring his cotton to market. THE GOVERNMENT PLAN OS’ BE LIEF. The pressure that has brought to bear to force the Government to violate the law in the issue of $44,000,000 of green backs has failed, notwithstanding the petition to the President headed by H. B. Claflin, ex-Governor Morgan and others. The President and Secretary of the Treasury, however, have taken a step which must give relief to all solvent institutions ; we say solvent institutions because there is a very wide distinction between institutions which, although they may be short of greenbacks to meet present demands growing out of panic, and those worthless institutions that have been floating large debts at half prices for the use of money predicted upon wild cat bonds. The policy which the Government has adopted, as herein set forth by the New York Times, “of purchasing five-twenty bonds whenever offered by savings institutions, or nation al banks, or private bankers, paying for them in currency at the rates of the last sales. There will be no regular pur chases at stated days and on sealed offers, as heretofore. Any bank or sav ings institution can dispose of its bonds, and receive currency for them, at any time, at the office of the sub-Treasury in this city. In addition to this the asso ciated banks, with the sanction of the Clearing-house, will from to-day be al. lowed to make their clearances in certifi cates based on deposits of securities with the Clearing-house Committee, and to be appraised by them. This will add to the stock of United States notes ap plicable to ordinary purposes. From $20,000,000 to $25,000,000 of legal ten der can, it is estimated by these com bined means, be added to the amount now in actual circulation. These meas ures of relief will have a powerful effect in restoring confidence, and bring ing our monetary affairs into a sounder condition. With the inflation that has been given to speculative enterprises since the war, it is unavoidable that there should be some wrecks. But the legitimate business of the country is so sound that the present panic can only be of a temporary nature. The excite ment originated in a comparatively nar row circle, and although the circle has widened, affairs are not nearly in the desperate condition which the crowds at the Fifth Avenue Hotel Sunday would lead people to suppose. The general commerce of the country was never in a more prosperous state. The savings banks are perfectly safe. They have plenty of bonds, and can exchange them for currency as fast as may be deemed necessary. People who rush to take their money out will find that it is there ready for them, and they will be very glad to put it back again. The savings banks are in as good a position to meet any claim upon them as they have ever been. No sort of danger me naces them.” I I From the New York Daily Bulletin, Septem ber 24.1 SENSELESS PANIC. | It is high time the public recovered their reason. The panic has infinitely exceeded any I real occasion in the situation of affairs. ! With the exception of an undue ex ■ pansion in the railroad interest—on j which the panic has already done its 1 worst —the crisis has found everything sound. Os the important banking failures that have occurred, not one firm or in stitution has proved insolvent. The Union Trust Company, allowing for the defalcation, will be abundantly able to liquidate its deposits. The National Trust Company shows a good surplus of $1,100,000. Fisk & Hatch have a magnificent sur plus over their liabilities, and can re sume immediately on the recovery of confidence. Jay Cooke A Cos., though seriously embarrassed by advances to the North ern Pacific, have large wealth, and, with time, can pay everything in full, even if their Northern Pacific assets have to be thrown overboard. Henry Clews & Cos. showed remark able strength in not suspending until they had paid $1,250,000 of deposits; and their remaining assets will far more than provide for their unpaid liabilities. Xlieir suspension must be only tem porary . The Bank of the Commonwealth will be able to pay every dollar to its de positors, and return to its stockholders most of their investment. Two other banks upon which there was a persistent run for two days, have stopped the drain by paying every legiti mate demand. These suspended firms, holding de posits to the amount of fully $22,000,- 000, have been compelled to close their doors entirely from a senseless run, and in face of the fact that they were abun- j dantlv able to pay every dollar of in debtedness. There has not been one banking or commercial failure caused by insolvency. The panic then—the severest known for sixteen years—instead of developing rottenness, has proved the exceptionally strong condition of the banking interest. The crisis has tested the merchants by depriving them of bank facilities for six days, and yet all stand firm—the mis chievous rumors of yesterday notwith-! standing. Was panic ever more groundless or reckless? It has not a shadow of justification m the facts of the financial and commer cial situation. Beyond the suppression of weak rail road enterprises, it is not the breaking up of rottenness—the ordinary work of panics—it is the reckless slaughter of sound and prosperous business. Is it not time, then, the merchants and bankers confronted to stand by each other to the last extremity ? Is it not proper for those who are able to draw out deposits, or to compel pay ments to consider whether this timid self-protection is at all necessary, and whether by encouraging runs they are not inviting needless ruin ? What are the means for averting further disaster ? . , The Government has already placed $lO 000,000 of legal tenders in the hands of financial institutions, to provide for the demands of their creditors ana the necessities of their customers; and it stands reaily to pay out $40,000,000 more if need be. In tlie case of former panics, the law ful monev was drawn from the banks to Europe; now it flows into their vaults as the demand increases. . Xlie banks have determined to issne an unlimited amount of Clearing House I certificate® based upon their own assets; . and these certificates dispense with the i use of an equal amount of “greenbacks' i in settlements between the banks, leav ing so much more currency for use over the counter. . „ .. , Virtually and substantially, therefore, provision exists for the issue of nearly one hundred millions of currency, or its equivalent, to meet the emergency. The occasion cannot require any such issue ; but that is the bulwark of re source against which this senseless on slaught on credit and deposits is made. The feeling in London is better. United States bonds are higher there. The news from the interior, excepting the local disasters at Petersburg, \ a., indicates a reasonable confidence at our leading financial centres ; and New York only needs to recover promptly its self possession to put a quick end to this process of causeless disaster. THE FINANCIAL STORM. THE WAVE REACHES AUGUSTA. Suspension of Several Banks—A Mone tary Crisis—The Trouble Only Tem porary-Monster Meeting of Business Men-Ways and Means to be Devised for Relieving the Embarrassment. Some days ago when the suspension of the great banking house of Jay Cooke k Cos. became known to the world, al though it formed a leading topic of con versation in Augusta, no apprehension was felt that it would in the least effect any business interests here. But day after day the wires were freighted with information of suspension upon sus pension,money became gradually tighter, and even cotton, finally failed to find ready sale. The stringency increased each day, the discounting of the best mercantile paper ceased, and at last several of our banks were compelled yesterday to suspend payment to their depositors, the amount of available funds being exhausted. Shortly after nine o’clock it was rumor ed that the Merchants & Planters National Bank, Charles J. Jinkens President, and J. S. Bean, Cashier, and the Planters Loan <fc Savings Bank, Chas. J. Jenkins, President, and T. P. Branch Cashier,had suspended. This soon proved to be correct. A rush was made on the two banks, both in the same build ing, by depositors, but payment of all checks was refused. The officers as sured all that the banks had much more than sufficient assets to meet all liabilities, but there wrs no ready money to pay out. We obtained the following statement of the condition of the two banks: Merchants & Planters Nation al Bank. Amount due depos itors $250,000 Capital stock 200,000 Notes enil bills discount ed - 375,000 Stocks and bonds 45,000 Surplus 15,000 Profit and losss account 33,000 Demand loans 20,000 Profits on discount 11,000 Total assets 409,000 Planters Loan k Saving’s Bank. Amount due depostors $125,000 Capital stock 110,000 Notes and bills discoun ted 156,000 Bonds and stocks 45,000 Surplus... 15,000 Real estate 20,000 Suspended and part due aper 15,000 Total assets 361,000 The suspension of the above two banks caused an immediate run upon all the other banking institutions in the city, except the Georgia Railroad Bank. The Bank of Augusta stood the pressure for some time, and paid out to deposi tors during the morning about twenty thousand dollars. About twelve o’clock, however, its cash assets being exhausted, it was compelled to suspend payment, depositors being assured that the sus pension was ONLY TEMPORARY, And that the assets were far more than sufficient to satisfy all liabilities. The condition of the bank at the suspension was as follows: Amount due depositors $60,000 Capital $350,000 Notes discounted 461,000 Stocks and bonds 5,000 Profit and loss account. 33,000 Surplus 20,000 Total assets $869,000 In the afternoon a meeting of the Di rectors of this bank was held, at which it was resolved to issue drafts on the bank, payable at six mouths, to the amount due depositors, in sums of five, ten, twenty, fifty and one hundred dol lars. In case the stringency is sooner removed than the time designated, the drafts can all be called in. A form of draft was prepared, and it is expected that a number will be ready for issuing to depositors on Monday. By the charter of this bank the capital stock is liable for deposits first. Soon after the suspension of the Bank of Augusta, the National Ex change Bank next door \> as also com pelled to STOP PAYMENT, Having paid out to depositors during the morning seventy thousand dollars. This bank, like the others, is sound in every respect, and has the greatest suf ficiency of assets to meet all obligations as soon as the present stringency is re moved. About one o’clock the banking house of J. J. Cohen & Sons suspended pay ment after paying out to depositors nine thousand dollars. This house has enough in tfie best of bonds, stocks and other securities to pay all its liabilities, three times over, but in the present stringency securities, however “ gilt edged,” cannot be realized upon, there being no money, lienee the suspension. A run was made on the National Bank of Augusta in the morning, but it being ascertained that the bauk was promptly paying all checks, the run ceased, and for some time before the regular closing hour, but few checks were presented. Mr. W. E. Jackson, the President of the Bauk, states that he will pay out to depositors as long as there is a dollar left and feels satisfied that the bank will be fully able to bridge over the crisis. The Commercial Insur ance Bank stood all right,paid all checks presented, and will continue to do so to day. It will not suspend. Mr. G. P. Curry, banker, also paid all demands by depositors yesterday. A run was made on the Freedman s Savings Bank between twelve and two o'clock and twenty-eight hundred dol lars in all paid out to depositors. After the latter hour, however, the Advisory committee met and concluded that if the run Continued they might have to sacri fice United States Bouds, and therefore determined to enforce the SIXTT days’ notice Allowed by their chart r. A notice to depositors to that effect will be found in our advertising columns. The bank is perfectly solvent. No run was made on the Georgia Railroad Bank, and the few checks which were presented, were promptly paid. It will meet all demands of its depositors. no cars? for alarm. It will be seen from the above that there is really no tangible cause for alarm. The banks have assets worth many times their liabilities, and the suspensions are due solely to the al most unprecedented stringency in the money market and the impossibility of selling cotton at the present time. There was an almost utter stagnation in the cotton market yesterday, only seventeen bales in all being sold. There is ab solutely no money in circulation, and where none can be made available, the banks as a matter of course can have none to pay out, however large their as sets may be. Securities are not money and cannot be used as a circulating medium, and they cannot be exchanged for currency as matters now stand, even at a sacrifice, simply because the money is not in circulation. The banks hold a large amount of notes and bills, all of the best character, which have been dis counted, and will eventually be met. A run upon a bank at almost any time would probably cause a temporary sus pension, as it is well understood that the total amount of deposits is not kept on hand, but the greater portion of it loaned out ou securities, or paid ixt the way of discounting sound mercantile paper. From this arises the profits of the institutions. A suspension in a case like this merely goes to show a strin gency in the money market, and has no thing to do with the question of sol vency. WHAT THE MERCHANTS SAY. From conversations with prominent merchants and bankers we became fully satisfied that the suspensions here should not cause alarm. They attributed them solely to the stagnation in the cot ton market and the want of a circulating medium. Mr. W. F. Herring, the President of the Augusta Exchange, and an experienced and able business man, gave it as his decided opinion that the stringency would be only temporary in this section, at any rate. While capital at the North may be often based on fic titious values, “skylarking” securities, we have something far more substantial, an article which the world cannot do without, our owu great slaple, cotton. While the market is stagnant now, the depression must be only tem porary. Cotton has to be used, and the money will be sent for it. One hun dred and eighty-five thousand pounds in gold—nearly a million dollars—-left Eng land yesterday for America and will soon be added to the circulation. By the 15th of November planters’ obliga tions for guano will fall due and will be promptly met in money or cotton at 15 cents per pound. He had no doubt but that the pressure would be entirely lift ed by that time. MEASURES OF RELIEF. The drafts to be issued by the Bank of Augusta will go far towards relieving the pressure, and should be received by every one as currency, without hesita tion. They will represent au actual value, and will be promptly redeemed at maturity, and in all probability long be fore. Each draft will represent so much money on deposit, secured by the capi tal stock. The Merchants k Planters National Bank and the Planters Loan k Savings Bank give notice that depositors can ob tain the best of bonds and securities in exchange for certificates of deposit prop erly certified. Thus a depositor will receive a United States or State of Geor gia bond, or other equally valuable se curity, by the presentation of a certified check for the amount of the market value of such bond or security. Noth ing could be fairer than this, and it de monstrates most satisfactorily that both banks are amply able to meet all their liabilities. MEETING OF MERCHANTS. About noon tho following notice was placed on the bulletin in front of the Chronicle and Sentinel office, and at other places : Having been requested by the re quisite number of members of the Au gusta Exchange to call a meeting of merchants, bankers, and business men of Augusta to consider the preseut financial crisis, I hereby invite all the business men of Augusta (whether members of tho Exchange or not) who feel so inclined, to meet at the Augusta Exchange this p. m., at 5 o’clock. W. F. Herring, President. In accordance with this notice a monster meeting of business men of the city was held at the Exchange at the hour designated. Every mercantile interest in the city was fully represent ed. President Herring, of the Exchange, called the meqting to ordor. He said the meeting had been called at the re quest of the requisite number of mem bers of the Exchange, to consider the present financial crisis. He had hesi tated for some time previously, about calling it, but after the request was made he had no option in the matter. As this was a meeting of merchants generally, a chairman would have to be chosen. On motion, Mr. Herring was request ed to act as Chairman. Mr. C. A. Rowland moved that a com mittee of five or ten be appointed to di gest such matters as bear upon the pres ent condition of affairs and report at an adjourned meeting. Maj. Geo. T. Jackson suggested that the committee have a conference with the Georgia Railroad Company as being the representative of the largest amount of‘capital—intrinsic, value—in the city, with a view of submitting to the meet ing a plan for alleviating the present monetary crisis. Although a Director in the road he threw out the suggestion without any authority from the Board and simply upon his own authority. With the present troubles, only one National Bank in the city paying, ho be lieved they must look - outside for as sistance. He believed that if tlie com mittee met the Directors of tho Georgia Railroad something could be done. He threw out these suggestions that Au gusta might organize some scheme whereby the mercantile community might be relieved from the present dilemma, Mr. Rowland accepted the suggestion. Mr. J. J. Pierce was not willing that the committee should consult the Geor gia Railroad Bankiug Company alone. He believed the Directors of all the banks should be consulted. He had no doubt but that our merchants would be able to meet all their obligations, and thus enable the banks to meet theirs. All the banks he believed were perfectly sound. He suggested that tho commit tee be instructed to call upon the Direc tors of all the banks. Mr. Rowland’s resolution was then re duced to writing, as follows: Resolved , That the meeting appoint a committee of ten to confer with the au thorities of the Georgia Railroad and the other banking institutions of the city, with a view of devising means of alleviating the financial pressure that is now upon the country, and to report the result of the conference on to-morrow, at 12 o’clock, at this place—said com mittee to be appointed from the various commercial interests of the city; com mittee to be appointed by the President. Mr. DeCottes said before the ques tion was put he would like to state that the Directors of the Bank of Augusta had resolved to issue drafts on the bank, at six months time, to the amount of de posits, in sums of five, ten, twenty, fifty, and one hundred dollars. Maj. Jackson said this was a great question and he hoped all would express their opinions upon it. They were in a dilemma of serious import. He wanted to see Augusta come out a head and shoulders above all. Maj. J. A. A. West said lie had a note of over one thousand dollars in tlie Merchants and Planters National Bank. That Bank held his collateral for over two thousand dollars. He felt assured that if the people understood the whole question there would be no want of con fidence. The Chair said the debate must be confined to the resolution. On motion of Maj. Jackson tlie de bate on the resolution was suspended and the discussion opened to any smb ject. Maj. West said that the banks had ample assets to meet all their liabilities. Mr. T. P. Branch said * that as the representative of his house, he represented over $400,000 of hard earned capital. Branch, Sons A Cos. would pay every dollar they owed if they had to sell all their assets at twen ty-five cents in the dollar. All the com plexity arose from the want of a medium of exchange. The first thing he wished to do was to relieve the depositors. After that was done the banks would be free to use the money.- The obligations of the city at the maximum do not ex ceed two millions of dollars. Two firms he could name received enough cotton to pay off the whole of that, not in greenbacks, but in gold.. But what they wanted now was a medium of exchange. He proposed to go to the Georgia Bail road Company and get it to issue certi ficates to the amount of the deposits of the bank, and deposit with the road good collateral tberefSr. He proposed als* that an amount of cotton be placed in the hands of the Georgia Railroad, and that corporation issue certificates to the amount of the value of that cotton at ten cents per pound. There was no nse in sacrificing property. ■ The depositors didn’t really want their money. They only wanted it because they thought they couldn’t get it. If they came to his bank he would pay them in notes on A. B. A C., who were worth $500,000, which was better than the United States Gov ernment itself. [Loud applause.] Mr. Howard suggested that the com- j mittee request the Georgia Railroad Di rectors to convene and confer with them, j and also that the committee prepare an ' address to the country. Muj. Jackson moved that the Chair-; man be added to the committee. Car ried. The resolution was then adopted as a whole. The meeting then adjourned. After the adjournment of the meeting the Chairman appointed the following gentlemen as the committee : James A. Gray, Thomas G. Barrett, Thomas P. Stovall, T. W. Carwile, T. ; P. Branch, C. A. Rowland, Wm, M. Read, John Davison, C. H. Pliinizy, AV. S. Roberts. By the resolution adopted at the meet ing, Mr. W. F. Herring is President of this committee. The committee are requested to meet at the Exchange at nine o’clock this morning. REPORT OP TllE MERCHANTS' COMMITTEE. Not Much Change in the Condition of Affairs—A Plan to he Submitted to the Georgia Railroad Directors. The financial situation, as a general thing, continued unchanged yesterday. Business remained blocked for the want of a circulating medium, and but little was done in any line. The status of the banks was about the same as on the day previous. The National Bank of Au gusta paid all checks presented, as usual, and expects to continue to do so. A number of deposits were made du ring the day, and at the close of busi ness at two o’clock the amount checked out did not exceed that deposited by a thousand dollars. The bank is prepared to pay every depositor dollar for dollar. Messrs. J. J. Cohen & Sons resumed the payment of checks for small amounts, and will continue on the same plan to day. They expect to be able to resume payment for all amounts in a few days. The other banks continued in about the same status as on Thursday. The un easy feeling seemed to have subsided, the people evidently having full confi dence in the solvency of the suspended banks. THE MEETING OF BUSINEESS MEN. Pursuant to adjournment, the busi ness men of the city met at the Ex change at 12, m., to receive the report of the committee appointed the previous evening to confer with the Directors of the Georgia Railroad and Banking Com pany and other banks of the city. The meeting was very full, all business in terests being represented. Mr. W. F. Herring, the Chairman, called the meeting to order. He stated that the committee had visited the Geor gia Railroad Bank and seen a few of the Directors. The committee had drawn up a plan for presentation to the Directors. If that plan was adopted, which, he was sorry to say, they had not been given much hope of, it would go far towards relieving the present crisis. The Direc tors of the road, resident in Augusta, and with whom only they were able to converse, were few in number, and did not constitute a majority of the Board. The greater number of these received the proposition cordially, but others looked upon it coldly. There seemed to be an obstacle in the way in the shape of an act of the Legislature, passed in 18G7, and it would be for the meeting to decide whether it would be best to re quest the Governor to call an extra ses sion of the Legislature to repeal this. The committee had called upon Mr. Wm. E. Jackson, President of the Na tional Bank of Augusta who said that the bank was strong and would con tinue to be so. He would meet prompt ly all obligations to depositors, but would be able to do nothing further to relieve the pressure. The committee had also visited the National Exchange Bank and Mr. Baker, the President, assured them that tffe bunk was entirely solvent and had pifltl out $68,000 to depositors the day previous. The Chairman then read the follow ing report of the committee ; The committee appointed to confer with the authorities of tho Georgia Railroad beg to suggest to said authori ties the following plan for the relief of the present monetary pressure iu this community', which they believe to be feasible, safe, and likely to prove profi table to said company and calculated to relieve the present stringency in the money market, and afford material re lief to the agricultural interest depend ent upon this city. Ist. The issue of $400,000 in short date bonds in sums of SIOO and SSO in form similar to the 7 30-100 notes or bonds at one time issued by the United States Government, but bearing only one half that rate of interest, when not presented for redemption until the expiration of six months. Said bonds to be convertible at the option of the holder into greenbacks or National Bank notes, upon thirty days notice, but when so converted before the expiration of any six months, to be converted only at the face. 2d. To issue SIOO,OOO in sl, $2 and $5 notes, receivable for all dues to the Railroad and Bank, and convertible into the above named bonds whenever pre sented in sums of SSO or its multiple. 3d. To be loaned to such parties and upon such terms and security as may bo advisable by the Board. Mr. Herring thought that the people would cheerfully receive the bonds pro posed in the plan for their cotton, and even take them in preference to green backs. The Georgia Railroad enjoyed the confidence of the people, and its guarantees would be all sufficient. As the President of the Road, Judge King, was ill, he thought it advisable to request the Directors in Augusta to call a meet ing of the Board at an early day. Gen. M. A. Stovall moved that the re port of the committee be received. Car ried. Gen. Stovall moved that the same committee be continued and directed to call upon the Directors of the Georgia Railroad resident in the city and re quest them to call a meeting of the Board at as early a day as possible, for the purpose of considering the present object generally, including the plan pro posed. Carried. Gen. Stovall offered the following resolution, which was unanimously adopted: Resolved, That we, the merchants and business men of Augusta, regard the banking institutions of this city as solvent and entitled to public confi dence. , On motion the meeting adjourned subjeet to the call of the Chairman. THE FREEDMAN'S BANK. The Freedman’s Savings Bank is en forcing the sixty days’ notice. The following dispatch was received by the Cashier yesterday. Freedman’s Sayings k Trust Cos,, i New York, Sept. 25, 1873. \ Sav to your committee and those who know me, my word for it, that we are sound. We are the only trust company that has kept all right in the Clearing House. Our committee stood faith fullv. Ministers of colored churches prevented a run. Deposits increasing every day. Only twelve notices at Washington yesterday under sixty day rule. " S. L. Harris, Manager. Milwaukee, September 25. The Democratic and Liberal Convention nominated Wm. R. Taylor for Governor and C. D. Parker for Lieutenant Gov ernor. The Reform Convention which had adjourned joined the the Demo cratic and Liberal Convention. The resolutions favor cheap transportation and the improvement of rivers at the ex panse of the General Government, and oppose a protective tariff, back pay and monopolies. THE NORTHERN PACIFIC. ITS CHARTER. GRANTS, AND PRO GRESS. How the Failure of Its Bankers will Affect Its Future. [From the New York Tribune.] The Northern Pacific Railroad Com pany was chartered by Congress on Ju ly ‘2, 1804, and authorized by its charter and subsequent acts to construct a road from Lake Superior, through Minneso ta and the Territories of Dacota, Monta na, Idaho, and Washington, to Puget Sound, by the, valley of the Columbia river through Portland, Oregon. In aid of its construction Congress made a grant, estimated to amount to 47,000,- 000 acres of alternate odd sections of land for 40 miles on each side of the line of the proposed road. The author ized capital of the company is SIOO,- 000,000, in shares of SIOO each. Os this amount $2,000,000 were required to be subscribed and 10 per cent, paid in be fore the organization of the company.— A mortgage jhas been created upon its whole property, including its lauds, to secure the payment of bonds issued, at a rate not to exceed $50,000 per mile.— These bonds are dated July 1, 1870, and are payable in 30 years, in gold ; the in terest, which is at the rate of 7 3-10 per cent, payable in gold in New York, half yearly, January 1, and July 1. Eli© Northern Pacific Company owns a con trolling interest in the stock of the St. Paul and Pacific Road, and it has also leased or become owners of the Lake Superior and Mississippi Railroad, which extends from St. Paul to Duluth. The officers of the Northern Pacific Company are as follows : Presid'ent-Georgo W. Cass, New York City. Resident Vice-President —Charles B. Wright. Vice-President on Pacific Coast—Rich ard D. Rice. Secretary—Samuel Wilson. Treasurer—Albert L. Pritchard. Land Commissioner—William A. How ard. Trustees of Bondholders—J. Ldgar Thompson and Jay Cooke. Directors —George W. Cass, New 1 oik; Charles B. Wright, Philadelphia, Penn.; Richard D. Rice, Augusta, Me.; Fred erick Billings, Woodstock, Vt.; William G. Morehead, Philadelphia, Penn.; J. Gregory Smith, St. Albans, Vt.; William B. Oden, New York; William Wiudom, Winona, Minn.; A. H. Barnoy, New York; R. P. Cheney, Boston, Mass.; William G. Fargo, Buffalo, N. Y.; Jas. Stinson, Chicago, 111.; Albert H. Catlin, Burlington, Vt. Executive Committee —Geo. W. Cass, Charles B. Wright, Richard D. Rico, Wm. Moorhead and Frederick Billings. The rolling stock is as follows: Loco motive engines, 72; cars—passenger, 16; baggage and mail, 6; immigrant, 4; dumps, 25; freight—platform, 1,130; box, 395—total cars, 1,576. The road being in process of construction, no ac count of earnings can be given. The ex penditures has been as follows: Surveys $ 1,091,542 0i Construction 12,200,000 10 Rolling stock , 1,908,83/ 91 Tools.machiuery and stock supplies 358,330 90 Harbor improvements at Duluth... 245,003 24 Total $15,804,374 22 The work of construction is proceed ing at both ends of the line. Os the eastern end, beginning at Lake Superior, 453 miles, extending to the Missouri river, have been completed, and on the eastern end 60 miles of the line between Columbia river and Puget Sound had been completed iu November, 1872, ma king a total length of line in operation of 519 miles. Negotiations are now in progress for a contract to build about 80 miles more down Puget Sound, and 208 miles from the Columbia river east ward to Lake Pend d’Oreille. STATEMENT OF SECBETABV WILKESON. Jay Cooke & Cos., as is well known, have been the financial agents of the Northern Pacific Railroad ever since the beginning of that gigantic enterprise. It was asserted iu financial circles that the firm had made large advances to the railroad company to push forward the work of construction, taking the bonds of the company as security, and that this had seriously crippled them, as they could not readily realize on this class of securities because of the distrust occa sioned by the failure of the Canada Southern and the New York and Oswego Midland Railroad Companies. Wishing to ascertain how far the failure of the firm would affect the Northern Pacific Railroad Company in the work of con structing their road across the continent, a reporter of the Tribune called, yester day, on Samuel Wilkeson, the Secretary of the company, at his office at Fifth avenue and Ninth street. Mr. Wilkeson said ho was glad a re porter of the Tribune had called on the subject of the company's prospects and the effect of the failure of Jay Cooke & Cos. There was no question that the failure of Jay Cooke & Cos. and the sus picions thrown on all railroad bonds, no matter how good their securities might be, on account of the failure of the Canada Southern and the New York and Oswego Midland Railroad Companies, would prevent the sale of the Northern Pacific Railroad Company’s bonds, and all other railroad bonds, for the present, and probably for a considerable time to come. As usual with financial agentN, Jay Cooko & Cos. had made large advan ces to the company, but he did not think this had impaired their credit or crip pled them. Their failure was due to a sudden run, in consequence of the stringency of the money market, caused by the manipulations of unscrupulous conspirators. The firm were unable to convert their resources in time to meet the demands of their creditors. He be lieved the suspension was only tempo rary. Two of the members of the firm were directors of the Northern Pacific Railroad Company. The result will be that the work of construction will bo somewhat retarded. It is more than probable that Congress will be asked to grant an extension of two years to the company, beyond that already grant ed, to enable it to complete the road. No such enterprise was ever before attempted by private capitalists as that of constructing a railroad 2,200 miles in length across an unsettled con tinent. Congress should have come to their aid by extending the credit of the Government to the undertaking. It would have done so but for the dema gogical cry that corporations were grasp ing the entire domain and overriding the rights of the people. The stoppage of the sale of bonds would not materially affect the construction, for the reason that cold weather begins in Dakota in the latter part of October, and snow often falls about that time. Consequent ly there is not much time left for con struction this season. The Board of Di rectors were to have met that afternoon and passed upon the bids offered for the construction of anew section of the road, 205 miles in length, from the Mis souri to the Yellowstone river. There were eighteen bids for grading and bridging the 205 miles. There were two bids for 50 miles of the distancejono bill for the entire distance, including rails and track-laying, but excluding bridges; one bid, including bridges, trestle-work, and piling on the entire distance. There was not much doubt that the contract would be awarded during the afternoon, and 25 miles of the distance, leading to most excellent coal fields, west of Fort Abraham Lincoln, will probably be con structed this Fall. The contract had that day been awarded to open coal mines on Heart river in the month of October. NO APPREHENSIONS ENTERTAINED. He had no doubt of the future of the road. It would be constructed. There were those supporting it who would not allow the work to be abandoned. The Board of Directors alone represented millions. The company had not a dol lar of unpaid paper up to the present time. Not a note of theirs was ever seen in Wail street. Not a bond was hypothecated by the company. Conse quently, the company had no liabilities hanging over it that might descend without warning. The interest on the company’s bonds was not due until the Ist of January next, and it would then undoubtedly be met. That portion of the road already built was earning more than was anticipated from it. That por tion of it running to the Red River country had already developed a fine carrying trade. He believed the road would be hindered more by the hostile Sioux than by financial revulsion.— Neither force, however, could prevent the successful completion of the road. MINOR TELEGRAMS. Jean Chacornae, a French astronomer, died at Paris yesterday. Several persons were killed in a col lision near London yesterday. Salustiano Olozaga, the well known Spanish statesman, is dead. There are two cases of yellow, fever at .Montgomery, but no new cases in four days. Commander Benham, commanding at Key West, telegraphs that there is no yellow fever there. Mary Gallaher made her dpbnt last night at Walls Opera House, Washing ton, in the “Little Spy.” She is pro nounced a success. G. G. Lyon, President of the Adams, Blackmean k Lyon Publishing House, Chicago, snicided. He threw himself before an engine and was cut to pieces. The observer at Kingston, in the Island of Jamaica, reports to the signal office in Washington that an earthquake was felt at 1:45, a. m., yesterday. No damage reported. THE CRASH. Latest Intelligence From the Money Centres- Heavy Defalcation—Gov ernment Buying Exchange- The Sit uation iu the West. New Yoke, HeptemUir 27. The Brunswick (N. J.) Bank lias suspended indefinitely. The directors, upon ex amiuatiiuq found it impossible to go on. The police are after the cashier and book keeper whose defalcation amounts to half a million. The Sun learns that the Government invested yesterday in exchange <>n Lon don one and a half mill-on for the navy, and seven hundred thousand for the State departments. Private bankers have deposited security in the Bank of England for exchange. The imports this week amount to eleven millions. Washington, September 27. —Nearly all the Northern and Western cities have adopted Conservative banking meas ures. Voluminous dispatches are re ceived here. The following is the most frank and significant: “ Milwaukee, /September 27.—The re port that the banks here have suspend ed payment on sums larger than two hundred dollars is a mistake. No such action has been taken. The banks are doing business as usual, except that they have stopped advances on produce until the Eastern banks are ready to respond.” Boston, September 27.- A meeting of bank Presidents adopted the New York plan. Washington, September 27. —Since the positive policy of the Government was announced that nothing more could be done for the relief of the finances, no one seems disposed to pay for dis patches of advice to the Secretary of the Treasury. A competitive examination for receivers of crippled National Banks is mooted. They are lucrative places. The Government drafts on Clews, Habicht A Cos., will bo honored by Cooke, McCulloch A Cos. Beyond this no change has been made in the Loudon Government agency. Ruff's Bank is in the hands of a receiver. There arc two thousand depositors. The deposits ag gregate three-quarters of a million.— This is the Washington City Savings Bank. Many employees of the factories in terested in railroad utensils have been discharged. The others have struck on account of the wages and hours. New Yobk, September 27. —Gold ex cited; otherwise Wall street is quiet. Nothing doing in stocks. Western Union, 53(^55. London, September 27.—The Java takes half a million pounds of bullion to America. New York, September 27, midnight. —ln answer to suggestions of the Stock Exchange Committee, the Banking Com mittee says the proposed modes ofjrelief seem to look exclusively to the con venience and safety of the Stock Ex change without comprehending the dangers and inconvenience to the banks. The President of the Stock Exchange has issued the following notice : " The New York Stock Exchange will open for business Tuesday next at the regular hour. The details of the business will be arranged Monday morning at a meet ing of the governing committee of the Clearing House.” The committee, at a meeting to-day, resolved to issue loan certificates to "an unlimited amount. The bank statement will be ready to-day. The Clearing House Committee have decided to make public the amount of loan certificates issued. The day closed with a decidedly im proved feeling. The decision of the Governing Committee of the Stock Ex change to open Tuesday started stocks on the street, which advanced five to fifteen pe.x cent. In less than fifteen minutes Western Union brought 61 @65. Sterling closed at 4 to 44 for prime bank ers; 2@3 for commercial, 60 days. No established rates for call loans. Washington, September 27.—The Secretary of the Treasury will not, for the present, issue a programme for the sale of gold and the purchase of bonds. The Bank Presidents had a meeting to day and resolved to adopt the New York plan. Geo. W. Rigg’s bank re fused to join in the movement. Louisville, September 27, midnight. —Considerable excitement prevailed here to-day, caused by the suspension at an early hour of the following banks: German Security, German Commerce, Masonic Savings, Western Bank, Central Savings, German Bank, Louisville Bunk ing Company. Business generally quiet, prices nominal for all leading articles. There was no run at the close of bank ing hours upon any other banks. Philadelphia, September 27.—The banks have paid currency necessary for wages. Discounting freely for this pur purpose, Cincinnati, September 27, midnight. —The financial situation to-day appears to be improved. At the close of busi ness an improved feeling was plainly manifested. The adoption of the reso lution by the Chamber of Commerce commending the notion of the Cincinnati banks and expressing confidence in their management, and asking them to extend all possible accommodation to com merce and the manufactures of the city, appeared in itself to provo the feeling of the members voting upon it. There is no particular change in the gen eral markets, aad there is no hope of much doing until there are other faciities for effecting exchange. Still there is no panic in pricoH, and nothing is actually pressing on the markets. The banks and bankers generally report having passed through the day in a sat isfactory manner. Some of the banks report having received as much cur rency as they have paid out; and not withstanding it was supposed this was to bo the pressing day of the week, owing to large sums needed to pay off operatives in manufactories, the manu facturers have generally been supplied with funds in time to meet their imme diate wants. SAVANNAH FAIR. THETHIKD Annual Exposition OF THE AGRICULTURAL AND MECHANICAL AHSOCIATION aw GEORGIA, cojuaufNciso MONDAY, NOVEMBER lllb, 1873, AND CONTINUING DURING THE WEEK. rpHE GROUNDS and RACE COURSE arc in _L splendid order, anil (ho JiUTJ.DINGS (lie most snl/Htantial and commodionH in tlic coun try. The Exhibition wiii ho divided into De partments of Livestock; Piioi/itcth nr the Rom ; Domestic JlaN'.-FACTOIUKS; MaNUK/UITURKH IN COTTON, Wool, Hii.k, Linen, Iron, Reams, Stkei., Gold, silver, Leather, Paper, Fibre, Ac. In fact, everything pertaining to AGRICUL TURE, MECHANICS, and tho FINE ART’S. SB,OOO IN MEDALS, PLATE AND MONET TO BE AWARDED. Exhibitors are requentod to make .heir En tries, and have their article** on the ground at an early a day a** practicable, that they may he properly arranged in their respective Depart ments. l£ss~For Premium Liatw. and other informa tion. address the Secretary. GEO. S. OWENS, President. J. 11. F, STILL. Secretary. sep2s-thFat n wt and $25 REWARD. STRAYED OR STOLEN, FItOM the plantation of Mr. JohuHmiUi. Hr. near Appling. Columbia county Georgia, on or about the 27th of August, two Dark Ra\ HORSES, medium size. The above reward will ho paid for the delivery of the horses at my plantation, and if stolen tf*so reward will he paid for the thief, with proof to convict. Address, JOHN SMITH, Sit., sepl7-w2 Appling, Oa. The Oldest Fnruitiire House ii) % State. PLATT BROTH IRS, 212 At 214 BROAD STREET, AUGUSTA, OAk., Keep always on hand the latest styles of FURNITURE Os every variety manufactured, from the lowest to the highest grades. Chamber, Parlor, Diniug-Room, AND Library Complete Suits, or Single Pieces, At prices which cannot fail to suit the purchaser. undertaking In all its branches. METALIC CASES and CASKETS, of varions styles and make. Imported Wood Caskets and Cases, of every design and finish. COFFINS and CASKETS, of our own make, in Mahogany, Rosewood and Wal nut. Ab accomplished Undertaker will be in attendance at all hours, day and uight. PLATT BROTHERS, 212 and 214 Broad St., Augustu, Ua. oct29—jauU-dfAwlv Special IVotloent. SETTLED BEYOND A DOI'HT NO ONE QUESTIONS THF. FACT THAT MORE cases of whites, suppressed and irregular inclines and uterine obstructions, of every Kmd, are being daily cured by Dr. J. lira (Meld's Female Kegn lator, than by all other roniedie unbilled. Its suc cess in Georgia and other Stall ■ oeyoud precedent in the annals of physic. Thousands of certificate* from women every where pour in upon the proprie tor. The attention of ptominont medical men is aroused in behalf of this wouderful compound, and the most successful praetitiom rs use it. Its action is pleasant, quick and sure. If women suffer hereafter it will be their own fault. Female Regulator is pre pared and sold by L. 11. Ilradfleld, Druggist, Atlan ta, Ga., and may be bought for $1 50 at any respecta ble Drug Store in iliu Union. LaGhanok, Ga., March 23, 1870. Bkaduklo Ai Cos., Atlanta. Ga. —Dear Sirs: I take pleasure in slating that- I have used for tho last twenty years the medicine you are now putting up, known as Dr. .7. Dradlield’s FEMALE lIEGDLATOU, and consider it the best combination ever gotten to gether for the diseases for which it is recommended. I have been familiar with the prescription, both as a practitioner of meiliciuo and in domestic practice, and can honestly say that I consider it a boon to suffering females, and can but hope that every lady iu our whole land, who may be suffering in any way peculiar to their sex, may be able to procure a bottle, that their sufferings may not only be relieved, but that they may be restored to health and strength. With my kindest regards, I am, respectfully, ,i: 111 i* . 11,1 i:\ax In \V. B. K rit ni.M .1 >. OUST \< LF.N TO M UlillAUK. P HAPPY RELIEF FOR YOUNG MEN FROM THE effects ol" Errors and Abuses in early life. Manhood restored. Impediments to Marriage removed. N« w method of treatment. New and remarkable reme dies. Books and Circulars sent free, iu sealed en velopes. Address HOWARD ASSOCIATION, No. 2 South Ninth street, Philadelphia, Pa.—an institution having a high reputation for honorable conduct and pro fessional skill. jus* d,Vw:U» m THE MILD POWER mt ICURESI HUMPHREYS* HOMEOPATHIC SPECIFICS | I AYE PROVED, FROM THE MOST I I ample experience, nn entire success. Simple, Prompt. Efficient and Reliable. They arc tho only medicines perfectly adapted to popular use so simple tint mistjikes cannot, bo mode in using tlirn ; so harmless us to bo froo from danger; and t o efficient, us to bo always reliable. They have tho liigjii .st commendation imm all, and will always lender satisfaction. I*rl«c, in largo three-draolnu vials, with directions: Nos. Cures. Ceuta. 1. i'Yvcra, Congestion, Inflammations, • . 50 2. Worms, Worm Fever, Worm Folic, . . 50 3. > liiff-t'olic, or Twilling of Infants, . 50 •1. IMiu'rmva, of Children or Adults* . . 50 f>. Dysentery, Griping, Bilious Colic, . . 50 h. Choi era-tVKoi’hua, Vomiting, .... 50 7. ( Coles, Bronchitis, 50 K IVt.uaUDi. Toothache, Face:,, lie. . . . 50 i*. Sii k Headache, Voriigo, . 50 1«. t>v i|>« ;*win, Bilious Stomach 50 11. Supim ssml. or Painful Periods, . . . 50 12. >Vb. e«. u»\ Profuse lV.iodfc, .... 50 13. <’rouj>, rough, Difficult Breathing, . . 60 H. Salt illicunt, Erysipelas, Eruptions, . 60 I’. lSliciiiuat isifety Bheumat.ic Pains, , , , 60 10. iync. nml Agm*, Chill Fever, Agues, 60 17. Mind or bleeding, 60 18. OuUthuJiiiy, ai»«l Save or TO ak Eyes, . 60 10. (’utiiri'h* Acme or Chronic Influenza, . 50 20. Whooplnn-CoufShy Violent Coughs, • 5° 21. Aalhm.t, Oppressed Bn-athing, ... 50 22. K«r lilKeliiirgfea, Impaired Hearing, . 50 23. Scrofula. Enlarged Glands, Swellings, . 60 24. (General IVbilit y, Physical Weakness, . 60 25. Dropsy and Bounty Secretions, .... 50 26. Sea-HlcUneftKy Sickness from Riding, . 60 27. Millin't-IM.l'"**'. Grim], . . ... 60 28 Mcrvon* DvLllitj-, Nmm:o. Wouknous, orlnvolmiliirrDisohß.'BVa, . . . . . [OO on Sore Month,UunVor 60 I, v",„,u y Wri.kmM, AVottii.ir IV IM, 60 Ji' l»nliil'ul Period., with Spw*m», . 60 ,•>•>; Son: l int:. «t«•haiiß.ofl.it-., • ■ ■ •»«» 5 I Kllilel.Hey, Bpil.-ann, 81. Xll an I Him, l , . 100 6 »WtaiA. ftm. Thro.!,. . 60 it. Chrouie l Congestions and eruptions, 60 FAMILY casks. Case (Morocco) with above 35 lnrg. vial, and Manual of Directions, . • • •: ” Case (Morocco) of 20 lnvffo vials anil Book, 600 t) r These remedies are Bent by the ruse or Bins'* l»>x •<* nn T l M,lt country, free of rlinrge, on receipt of price. Address HU omo o'pa?hfcidne Cos.. Yowu And by F. I). KKN'RK'K, F. A. UFAIX, HOCK AISEE & WOOD, and FI.UMIi A I.KTTNKR, Augusta. Ga. apIO-wefriwiAwly &T 3860- TS PURELY A VEGETABLE PREPARATION U. composed fihnp’y of well-known ROOTS HEKB3, and FKUIT3, r«*»ai>iuet v. tb other propertipß, which y.\ thur Lutuuo ?"<• Uit'amiu*, Aperient, NutritlnnH, Viu;-E \ Alter:'ivu *ii,■ \ inti liilioUH. 'J ho Whol(i in pfchct vt'd i : u uuUiciuit quantity nf spirit truffi t o .*••• <LV i i WNK to keep tliern in uuy cliuiutr, which makoa tho PLANTATION Bitters OUG Os tho most (lOßirablo Ton i«-« a n<| < it< Itttr <i«w in the world. They aro intended uUictiy an •, Domestic Tonic, only folio lined an a modiclno,audulway.iuoeordip# to .lirretionH. They arc the Bhect-anchor of the f«< bio an I de bilitated. They act, upon a din :im <1 liver, aud stimulate to such a degree, that a healthy action 1h at once brought about. Ah a remedy to which Women ii i« especially BUbjo< t, it iHflurpcrfli dlug every other stimulant. A8 a Hpiinu; 11 ml Sum mer 'J oule, they have no equal. They uro a mild arid gentle Tuiyativoae well a« Tonic. They Purify tho Wood. They aro a ftploudfd Appetizer. They make the weak strong. Tin y purlly and in vigorate. They cure Uyapepaia, Constipation, and Headache They act aw a specific, in all specleeof disorderß which undermine the bodily atreugth and break down the animal MpirJU. Depot, 53 Park Place, New York, a])24-HliHatii»V\v Jy jfP,. LYON’S Only 50 Cents per Battle. it promote the Cl'Cf»'WT:f, • SM < ■ Vi:s the UOLOIt, m l Innva.n Mi Vigor »nd UiatlTVol the UAIR, Own ThlT'-iT Yr/hfl AGO I yon'h TTY: rr r •: Till' Hair urf first placed tnthemari •tby I *m. ■ 1- Thoman I .you, a graduate of 1 nn.“ton » oil. < The name ia derived from tin l in k •• Katu; •>." ■ ifmifyintf to drum*, pun On. «•>, nr rt*i»r T:ic favor it has received, and the p . u;ur ty it iv . < btalned, is unprecedent, and anti liu odd' . itn c -eaftps the Gkowj ii ai. i Beau iv of tj.«* • \nt. it ii a delightful dromon#. It encl'< and ■ . id. ml. u I'rcventH the Hair from turning gay It I: ■, u,» head cool, and gives tho hair a rtch.'v ft, <;l' *■ y*iT • pea lance. It istlie hamk in gusiij * aud al: t r i-H it was over a Quarter of aCkntudy ago, and . » Hoidhy all JJruggiHtn and Country duLo.it> ;.<J ( cnt» pci AioUlt, KWcaaa's Glorj is Hsr Esi’. LYON’S ATHAIROfi: a))2i-ltiiHaLnA wl v _ _ „ GUSTAV STOEPEL, NO. 221 BROAD STREET, AUGUSTA, GEORGIA, SOLE AGKN'T FUJI TUB KAX.K OF THE CELEBRATED PERFECTED SPECTACLES AMD E¥E GLASSES. EVKitY I'AIIi WAJIHA.MKJ). lAINF. Gold >uid Silver Wsfuhes. Jewelry and > Clocks sold and carefully repaired. amrl-ldAwewl.ini Georgia Cotton Press. rp J HIS PRESS has boen in use four years, and has given good satisfaction. It iH tho most simply constructed and durable Press in the market, aud from the favorable recommenda tions given by all who have used it, we firmly believe that it will give better satisfaction than any other l’ross or Screw now in use. We offer it this season improved. Price complete, T 12.7. Send for circular. AVe have all tho patterns of tho Wright’s, Allum’s, Bullock's, Packard and Armstrong Presses, and can duplicate all of the parts. GUN GKAKIJNG, All sizeH; runs light, and is strong. There is none better made. Also. Mill Work Castings and Machinery promptly furnished. Pen <ll Hon At Boardniau, FOUNDRY AND MACHINE WORKS. Kollock Mtroet, Augimta, Ua. jy 13 -«uwe&f r A frtllnov 1
